Sweden Downgrades Power-Cut Risk in Sign Winter Crisis Is Over
This article is for subscribers only.
Sweden downgraded its power-cut risk to “low” from “real” in a further sign that Europe’s energy crisis has passed, at least for this winter.
Electricity and gas prices across the region have plunged in recent months. A mild winter and energy-saving efforts by homes and factories have curbed demand as Europe diversifies away from Russian fuel.