You need to replace the safety valve -- it should drop pressure fast. Some machines, and I believe the Elektra is one of them, have a thermostat that cuts power if the boiler skin gets too hot. This will protect the heating element in case the boiler runs dry. In other machines, the heater is armored, and can run in air. However, there are lots of machines where the heater is toast if it runs in air.
Perhaps there is a problem with the safety valve in the boiler cap. I think it is working well but to be sure I will exchange this cap with the cap on my other machine and see it it releases pressure faster.
This machine does not have the thermostat protecting the element unfortunately.
Ok, just did this and seems the old pstat came back to life. On at 1.1 and off at 1.2 bar. So much for checking the safety valve. When I get a chance I will bypass the pstat and check the safety valve.
If I bring the pressure up to 2bar and the safety valve whooshes (works) but the pressure still rises then I will definitely question the safety of this design.