The purpose of this study is to describe and analyze how manufacturing companies are affected by the electricity crisis and what measures they have taken to maintain liquidity in their operations. To achieve this, the empirical evidence will be based on interviews with manufacturing companies located in electricity area 4. To answer the questions “In what way have manufacturing companies in electricity area 4 been affected during the current electricity crisis?” and “How have these companies changed their operations and managed their liquidity and costs during the electricity crisis?” the study is based on an abductive research and on a qualitative research method. The results of the study shows that companies with variable electricity contracts in combination with an electricity cost that makes up a larger part of their manufacturing cost have suffered the most from a liquidity point of view. The most common measures taken by the companies were to increase the selling price, reduce their electricity use and become more self-sufficient in electricity.