SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

The Opposition: Southern Swedish Electricity Customers Have to Pay

Southern Sweden risks missing out on more and cheaper electricity. This is the consequence of Vattenfall's decision, which is the government's fault, according to the political opposition.

» Published: 02 September 2024

The Opposition: Southern Swedish Electricity Customers Have to Pay
Photo: James Brooks/AP/TT

The decision to stop, or at least pause, the large wind farm Kriegers Flak off the Swedish south coast is motivated by Vattenfall due to the lack of state subsidies for offshore power cables.

The previous government had a similar proposal underway. Now in opposition, they are giving the current government a failing grade for stopping the funding for the cables.

This project has great value in southern Sweden, which has a deficit and high prices, says Fredrik Olovsson, spokesperson for energy issues for the Social Democrats.

"Has complicated"

The Centre Party's Rickard Nordin adds:

"We are now seeing the effect of the government having complicated things for wind power. Electricity that could have been delivered to southern Sweden's households and industries in 2028 is now missing, and electricity bills will remain high", he writes in a comment to TT.

There is money, according to Nordin, in the form of congestion fees that southern Sweden's customers have paid.

According to Svensk Vindenergi, the investment challenges have generally become tougher. Inflation has made it more expensive to build. And the government's clear focus on nuclear power has made things cool down among wind power builders. The industry organization is therefore calling for the government to take a clearer role for wind power, in some form, according to Lina Kinning, responsible for offshore wind power at Svensk Vindenergi.

"Unfortunate"

"It is unfortunate that individual projects have difficulty bearing their costs. It is important that wind power develops, matures, and delivers support services to the power grid", says Energy Minister Ebba Busch (KD) in a written statement to TT.

She points to the wind farms Galene and Kattegatt Syd off the Halland coast, which have been approved by the government.

"Both of these projects are proceeding according to plan, which shows that other calculations can add up."

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

More news

Technology stocks drive the market on a cheerful New York stock exchange
2 MIN READ

Technology stocks drive the market on a cheerful New York stock exchange

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China

Upward trend for China's economy
1 MIN READ

Upward trend for China's economy

Down on Wall Street
1 MIN READ

Down on Wall Street