Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Pause model that makes electricity prices more expensive

At the end of October, a new criticized model is introduced, which is expected to make the electricity price more expensive. We demand that the government postpones the introduction of this new model, says Fredrik Olovsson, energy policy spokesperson for the Social Democrats.

Published: Today 10:36
Pause model that makes electricity prices more expensive
Photo: Fredrik Sandberg/TT

From the end of October, Sweden and the rest of the Nordic countries will get a completely new model that is intended to make electricity transmission smarter – so-called flow-based capacity calculation.

However, the model has been met with harsh criticism from both experts, producers, and consumers. Above all, Svenska kraftnät's test run of the model indicates that Sweden as a country will come out as a loser with higher electricity prices.

"Risks giving higher electricity prices"

Therefore, the Social Democrats want to postpone the timetable. It was hardly higher electricity prices that the government and SD promised the voters, emphasizes Fredrik Olovsson.

It risks giving higher electricity prices across the country. And affecting families who are already struggling.

But will it get better if we postpone it? Or should we stop it?

The first thing is to pause the transition now. We believe that a better analysis is needed, which includes all the damages that the Swedish economy risks. We don't think that's included, he says.

Compensate electricity consumers

Olovsson suspects that electricity producers can come out as winners, even though they are among the loudest critics of the new model for electricity transmission.

Then you must also have a plan for how to compensate the users. There is a distribution policy in this as well, not just between countries, but also in Sweden, says Olovsson.

This is what Energy Minister Ebba Busch (KD) said when the issue was raised on Monday at a meeting with the Sydsvenska Chamber of Commerce – which is part of the chorus of critics.

It's going to be a huge mess if this goes badly, but it's too early to say if it will be like that, she said.

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

More news

The Persson family tightens its grip on H&M
1 MIN READ

The Persson family tightens its grip on H&M

Central Bank Chief: Opens Up for Further Rate Cuts
1 MIN READ

Central Bank Chief: Opens Up for Further Rate Cuts

Andersson's criticism of Busch: Uniquely weak
2 MIN READ

Andersson's criticism of Busch: Uniquely weak

The registration of new electric cars plummets
2 MIN READ

The registration of new electric cars plummets

The Swedish industrial cycle is losing momentum
1 MIN READ

The Swedish industrial cycle is losing momentum

More super-rich explain increased income gap
1 MIN READ

More super-rich explain increased income gap

Stockholm to Raise Tax Next Year
1 MIN READ

Stockholm to Raise Tax Next Year

The Stock Exchange Weakly Up
1 MIN READ

The Stock Exchange Weakly Up

Ski Star Increases Dividend
1 MIN READ

Ski Star Increases Dividend

Major Strike in US Ports – Container Chaos Threatens
2 MIN READ

Major Strike in US Ports – Container Chaos Threatens

Swedish Trade: No Signs of Increased Consumption
1 MIN READ

Swedish Trade: No Signs of Increased Consumption

Price surge on the housing market
1 MIN READ

Price surge on the housing market

Bankruptcies increase – "Autumn will be tough"
1 MIN READ

Bankruptcies increase – "Autumn will be tough"

Upwards Again in Tokyo
1 MIN READ

Upwards Again in Tokyo

Koenigsegg gets a new part-owner
2 MIN READ

Koenigsegg gets a new part-owner

Upwards on Wall Street – giants in the automotive industry down
2 MIN READ

Upwards on Wall Street – giants in the automotive industry down

Powell: No Rush with Rapid Interest Rate Cuts
1 MIN READ

Powell: No Rush with Rapid Interest Rate Cuts

KI rejects reduced petrol tax: lack of analysis
3 MIN READ

KI rejects reduced petrol tax: lack of analysis

Busch rejects solution for wind power: "Illegal"
2 MIN READ

Busch rejects solution for wind power: "Illegal"

German inflation fell more than expected
1 MIN READ

German inflation fell more than expected