Years of “overcompensation” for electricity grid companies have unnecessarily pushed up grid charges for Swedish businesses and households, according to the Energy Markets Inspectorate (Ei). It has now developed a new method to limit the scope for future fee increases.
BusinessRubber residue in the cooling system of the reactors at Ringhals has led to unusually long outages, putting pressure on the results of state-owned Vattenfall. “It is clear that this is affecting Vattenfall’s results, and we will see that in the third quarter,” says CFO Kerstin Ahlfont.
BusinessThe restart of reactor 4 at the Ringhals nuclear power plant is being delayed by more than a month, according to a statement from the Nord Pool electricity exchange.
BusinessThe first new nuclear power plant in Sweden will start up in the mid-2030s, says KD leader Ebba Busch during a hearing on SVT.
SwedenSeveral explosive devices have been found near a large coal-fired power plant in eastern Germany, German media report.
WorldSwedish Vattenfall wins the tender to build Denmark's two largest offshore wind farms to date.
BusinessMore nuclear power shutdowns than usual pressured Vattenfall's sales in the second quarter. CEO Anna Borg expects high electricity prices this winter.
BusinessThe flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland.
BusinessVattenfall InCharge has agreed to buy Nima Energy's Swedish fast-charging operations, the state-owned energy group said in a press release.
CarsThe government has signed several agreements on ownership, capital contributions and loans for the construction of three smaller reactors at Ringhals. This is truly a historic decision, says Prime Minister Ulf Kristersson (M).
Swedish politicsVideberg Kraft, jointly owned by the state, Vattenfall and Industrikraft, has chosen Rolls-Royce as the supplier of the new reactors to be built next to the Ringhals nuclear power plant, the company said at a press conference.
BusinessTwo Olympic gold medals - but Team Hasselborg is not done. The curling team is continuing its effort towards the Olympics in France in 2030. "We have decided that this is just too much fun to keep doing," says skipper Anna Hasselborg.
SportsState-owned energy giant Vattenfall will significantly increase investments in and output from Swedish hydropower. Twelve billion kronor will be invested by 2030.
BusinessThe date when Ringhals 4 can be fully operational again has been pushed back. The plan had been to bring the reactor fully online on Friday, but on Thursday the date was postponed twice.
BusinessState-owned energy group Vattenfall has signed an agreement with Nscale to supply renewable electricity for a major investment in a data center in Kvandal, outside Narvik, Norway, according to a Vattenfall press release.
BusinessThe number of applications to build new nuclear power plants is increasing. A possible next location is Nyköping, where Studsvik now wants to build a new facility with two to four light-water reactors (SMRs).
BusinessReactor 4 at the Ringhals nuclear power plant will remain offline until at least midnight on Friday, May 29, the state-owned energy group Vattenfall said in a message on the Nord Pool electricity exchange.
BusinessOne of the turbines at reactor 4 of the Ringhals nuclear power plant was temporarily taken out of service on Saturday evening, Vattenfall says.
BusinessThe unlisted Swedish nuclear technology company Blykalla has taken another step towards building a new nuclear power plant in Norrsundet, north of Gävle. An application - without a cost estimate - has been submitted to the government.
BusinessEnergy group Vattenfall reports a sharp increase in profits in the first quarter. "We have seen higher prices this year, but that is also because we have produced more," says CEO Anna Borg.
BusinessThere is full focus on President Donald Trump and on how the war with Iran is unfolding ahead of listed companies' first-quarter reports. That is all the market is looking at. That is the only thing right now, says Lars Söderfjell, head of equities at the Bank of Åland.
BusinessThe state will become the majority owner of the new nuclear power company Videberg Kraft, which will build new, smaller reactors at Ringhals. The government proposes that the state own 60 percent.
BusinessMore than 30,000 customers have been left without power after Storm Dave, and some will not have electricity restored until Monday.
SwedenStorm Dave has reached the west coast with hurricane-force winds of over 34 meters per second. Trees have fallen across roads and SJ is canceling a large number of departures, including services to and from Gothenburg. Magnus Nilsson Sangrud, meteorologist at SMHI, urges people to tie down loose objects, such as trampolines.
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