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by jillesvangurp
549 days ago
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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. |
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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...