SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Busch on Electricity Prices: Does Not Rule Out Support

The electricity prices have risen sharply in recent days and among the opposition, there is sharp criticism of the government's handling of the electricity system. Minister for Energy and Industry Ebba Busch (Christian Democrats) does not rule out support to households – but not right now.

» Published: December 12 2024

Busch on Electricity Prices: Does Not Rule Out Support
Photo: Fredrik Sandberg/TT

The Minister agrees that it is a tough situation for many households and companies.

We have an openness to support households if needed, she says in connection with a press conference.

Busch adds that it is too early to say whether potential electricity support can become relevant. She emphasizes, however, that a similar support as was designed a few years ago is not on the map.

There is no "quick fix" for a dismantled electricity system, she says and continues:

The electricity prices we see today are a direct consequence of a red-green energy policy over eight years, says Busch.

Ongoing Negotiations

What is required for a new electricity support to become possible?

We note that in November, we had lower electricity prices on average than we had in previous years, and it is difficult to know how the situation will be in winter.

We have incredibly extreme examples yesterday and today. We are prepared to support households with additional measures if needed, but we are not there yet.

According to SD's economic policy spokesperson Oscar Sjöstedt, negotiations are underway between the party and the government regarding new electricity support and a potential reduction of electricity tax, writes GP.

From the opposition comes sharp criticism. The Center Party believes that the indexing of electricity tax should be abolished. Ebba Busch, in turn, states that the government does not rule out pausing the indexing.

Recently, Svenska kraftnät introduced a new system for electricity transmission, something that critics warned would lead to higher electricity prices. Whether there is a real connection with the price increase is unclear. The S-leader wants to see the brakes applied.

It should never have been introduced. Experts warned that it would lead to high prices, and we said that it should not be introduced until better controls had been made of what it could lead to in terms of effects, says Magdalena Andersson.

"Furious at the Germans"

The high electricity prices in recent days have their explanation in another EU country, whose phasing out of nuclear power the Minister is now criticizing:

I am furious at the Germans. They have made a decision for their own area, which they have the right to make. But it has had very large consequences, says Busch and adds:

It is also the case that they are neglecting to introduce electricity price zones in Germany, and that means we are affected much more by the irresponsible energy policy in Germany.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Wallenberg outraged by food boycott

Wallenberg outraged by food boycott

Now Northvolt's layoffs begin: "Tough days"

Now Northvolt's layoffs begin: "Tough days"

Siemens cuts 6,000 jobs

Siemens cuts 6,000 jobs

USA Stock Exchange Falls – Tesla Continues to Plummet

USA Stock Exchange Falls – Tesla Continues to Plummet

New confidence for the oil fund's CEO

New confidence for the oil fund's CEO

Heavy decision on Northvolt this week

Heavy decision on Northvolt this week

Wage Negotiations in Final Stage – New Bids on the Way

Wage Negotiations in Final Stage – New Bids on the Way

Mortgage lenders raise interest rates

Mortgage lenders raise interest rates

The Hackers Struck When the Tax Return Opened

The Hackers Struck When the Tax Return Opened

The Stockholm Stock Exchange Falls

The Stockholm Stock Exchange Falls

Tesla competitor promises record-fast charging

Tesla competitor promises record-fast charging

Still Happy Faces on Asian Stock Exchanges

Still Happy Faces on Asian Stock Exchanges

Alphabet buys company for 333 billion kronor

Alphabet buys company for 333 billion kronor

This is how it went for the "party Swedes"

This is how it went for the "party Swedes"

The US stock market rose for the second day in a row

The US stock market rose for the second day in a row

Oil price rises after Trump's threats against Iran

Oil price rises after Trump's threats against Iran

Up to 7,500 jobs away from Audi

Up to 7,500 jobs away from Audi

USA's retail trade below expectations

USA's retail trade below expectations

Klarna's giant deal in the USA - "game changer"

Klarna's giant deal in the USA - "game changer"

Major Bank Raises Mortgage Interest Rates

Major Bank Raises Mortgage Interest Rates

Busch hopes for battery support from the EU

Busch hopes for battery support from the EU

OECD: Trump's Trade War Slows Down the Global Economy

OECD: Trump's Trade War Slows Down the Global Economy

Clothing Chain Applies for Bankruptcy Protection

Clothing Chain Applies for Bankruptcy Protection

Astra Zeneca makes multi-billion purchase

Astra Zeneca makes multi-billion purchase

The Stockholm Stock Exchange closed up

The Stockholm Stock Exchange closed up

These educations give you a job

These educations give you a job

Cheerful start on Asia's stock exchanges

Cheerful start on Asia's stock exchanges

Egg smuggling to the USA increases sharply

Egg smuggling to the USA increases sharply

Vance believes Tiktok will meet the deadline

Vance believes Tiktok will meet the deadline

This is how China will get the economy going

This is how China will get the economy going

China's Green Energy Boom - Like 320 Nuclear Reactors

China's Green Energy Boom - Like 320 Nuclear Reactors

They worked 28 days too much per year.

They worked 28 days too much per year.

New Chinese AI - "Better and Cheaper"

New Chinese AI - "Better and Cheaper"

Got a burn on the knee – gets $50 million from Starbucks

Got a burn on the knee – gets $50 million from Starbucks

Major Bank: Risk of Interest Rate Hike Before Summer

Major Bank: Risk of Interest Rate Hike Before Summer

Multiple Countries are Hesitant about F-35 – Want European Alternative

Multiple Countries are Hesitant about F-35 – Want European Alternative

Klarna warns ahead of listing: "No guarantees"

Klarna warns ahead of listing: "No guarantees"

Northvolt shock hits struggling housing market

Northvolt shock hits struggling housing market

Ica's CEO on the Left Party leader's boycott: "Very sad"

Ica's CEO on the Left Party leader's boycott: "Very sad"

The Food Boycott Spreads on Tiktok - "On Their Knees"

The Food Boycott Spreads on Tiktok - "On Their Knees"