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by jillesvangurp 549 days ago
Actually this is a good thing. There's demand for energy so prices go up. This in turn makes investments in energy generation in Sweden more lucrative since they apparently have a lot of energy revenue coming in from abroad to finance more such projects. There are a lot of renewable energy projects in and around Sweden and the wider region. And of course they are actually manufacturing and exporting a lot of wind turbines as well. Wind technology is a substantial part of their economy.

There is no energy shortage in Sweden. They can export as little or as much power as they want. But of course with prices being high that means they export a fair bit and that causes prices to rise. Which is causing Sweden to make a lot of money from this business.

If they want lower prices locally, they should look at their local energy market, infrastructure, and regulations instead of blaming the Germans for being able to pay market rates for energy to Sweden.

3 comments

> There is no energy shortage in Sweden. They can export as little or as much power as they want.

This statement definitely needs a source.

The EU have laws that require 70% of the produces electricity to be on the market.

Source, in Swedish: https://www.svk.se/om-kraftsystemet/om-elmarknaden/export-oc...

It's a net energy exporter; as many sources will confirm.
It is but that doesn't help us here in Sweden, we pay the highest bid price for the electricity generated here but being exported.

The last government at least put in place windfall taxes to pay us back during the massive cost increase in the first winter after Russia invaded Ukraine. We got compensated a few months later the prices went insane. The current government already said they won't do that, which is rather absurd since a lot of our electricity is generated by Vatenfall, a state company.

Long-term, macro whatever it may be a good thing I suppose, but short term, the average are suffering under multiplied energy costs. Monthly bills are still double that of what they used to be and any government compensation measures have long ended.

End users should not suffer under government / market fuckery.

This type of "hurr more money good" thinking is exactly the reason why there's a massive energy crisis across Europe, where individuals and enterprises end up paying gigantic electricity bills. People are _dying_ from this situation. Energy is not a random market like any others where number goes up means everything is good. _Lives_ depend on it.