It is but that doesn't help us here in Sweden, we pay the highest bid price for the electricity generated here but being exported.
The last government at least put in place windfall taxes to pay us back during the massive cost increase in the first winter after Russia invaded Ukraine. We got compensated a few months later the prices went insane. The current government already said they won't do that, which is rather absurd since a lot of our electricity is generated by Vatenfall, a state company.