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.

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By TTThis article has been altered and translated by Sweden Herald

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