Government Proposes Compensation for Nuclear Plant Shutdowns

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Government Proposes Compensation for Nuclear Plant Shutdowns
Photo: Fredrik Sandberg/TT

If nuclear power is shut down due to political decisions, the owners should receive compensation, the government proposes.

The Government is appointing an inquiry that will develop a model to minimize the risks for investors, announces Minister of Energy Ebba Busch (KD) at a press conference together with the other Tidö parties.

Owners of new nuclear power need predictability. This will reduce the risks for investors, says Ebba Busch.

"Lex Green party"

The Tidö parties, the Government together with the Sweden Democrats, call the purpose of the inquiry lex Green party, and claim that it was the Green party that was behind the shutdown of the reactors in Ringhals.

How can one also ensure that the current nuclear power is not shut down, says Minister of Finance Elisabeth Svantesson (The Moderate Party).

The inquiry is primarily aimed at compensation guarantees for current nuclear power.

Nuclear power owners will thus be able to receive damages if politicians decide to shut down nuclear power, according to Tobias Andersson (SD), Chairman of the Industry Committee, who reminds that there was such a guarantee before.

Now we are returning to an order that has existed before, he says.

Complicated

How much money, the state risk, it could be about, no one wants to speculate about. It is up to the investigator to propose a model for how it should look, according to Svantesson.

What should determine whether it was political decisions that led to a shutdown "is complicated", according to Ebba Busch. That it was political decisions that were the reason for the shutdown of Ringhals 1 and 2 is a matter of disagreement. The owners Vattenfall said at the time that it was economic reasons that governed.

According to Tobias Andersson, the decision on an inquiry into compensation should not be seen as the Tidö parties wanting to avoid a broad agreement on nuclear power across the political bloc boundary. Recently, the energy talks broke down without an agreement.

This is much more far-reaching securities than that we think alike between the parties, he says.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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