In the past, anyone who signed a longer electricity contract with a fixed price before the war in Ukraine was able to sit quietly in the boat while prices rose.

Now that opportunity appears to be on the way out.

According to Sveriges Radio's sources, several electricity companies are currently investigating whether it is legally possible to tear up the contracts with reference to the "force majeure" clause, that is, an unforeseen event.

The electricity companies' reasoning is said to be that the war in Ukraine and the subsequent gas conflict, which largely pushes up prices, could fall under the clause.

May lead to losses

The reason for the move is stated to be that the electricity companies see an imminent risk of electricity prices staying at high levels for an extended period of time.

The assessment is that such a situation would lead to large losses in the tied agreements, which the companies may find difficult to finance.

Which of Sweden's hundreds of electricity companies are investigating the issue is not clear from reporting, but according to Ekot's data, there are large differences between the companies in terms of the willingness and ability to take risks.