Home HomeSwedenLivingWorld 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.

» Updated: 02 September 2024, 19:50

» 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

New French obstacles for Airbnb
1 MIN READ

New French obstacles for Airbnb

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

Stockholm Stock Exchange rises after interest rate cut
1 MIN READ

Stockholm Stock Exchange rises after interest rate cut

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace

Swish up and running again after disruption
1 MIN READ

Swish up and running again after disruption

Trump's company is soaring on the stock exchange
1 MIN READ

Trump's company is soaring on the stock exchange

Swedish Export Threatened by Trump Victory
2 MIN READ

Swedish Export Threatened by Trump Victory

Sameby's appeal against mining company rejected
1 MIN READ

Sameby's appeal against mining company rejected