US News: Price of electricity: Sweden makes a gesture for its inhabitants

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Prix de l'électricité : la Suède fait un geste pour ses habitants © Sebastián Faun/Pixabay Price of electricity: Sweden makes a gesture for its inhabitants in Sweden, the government wants to support consumers and businesses Faced with the high prices of electricity by allocating them a help of 60 billion crowns (5.7 billion euros).

The Swedish government announced on Wednesday that it wanted to compensate up to 60 billion crowns (5.7 billion euros) consumers and businesses for the prices of electricity caused by The War in Ukraine . A minimum of 30 billion crowns will be allocated to Swedish homes which can expect to receive this compensation "this winter", announced Prime Minister Magdalena Andersson at a press conference. On Wednesday, electricity in southern Sweden reached the record sum of 5.69 crowns per kilowatt hour on the markets of North Pool.

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The prices of electricity in Sweden increased sharply after Russia has drastically restricted the gas supply to Europe after the invasion of Ukraine by Moscow. The prices of gas soared at a time when the production of wind energy in northern Europe was affected by the lack of wind. The public manager of the Svenska Kraftnät electricity transport network has therefore raised so -called capacity costs, which left him a surplus despite massive investments in his network, said Magdalena Andersson.

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for the Prime Minister, this surplus must return to the consumer: "The more the price of Electricity increases, the greater the sum (returning to the consumer) will be significant, "said the Swedish Prime Minister. The government has not yet specified in what form will be this compensation or when it is set up. However, he indicated that these measures could include lower electricity prices as well as direct reimbursement to households and businesses. The government has instructed Svenska Kraftnät to make a concrete proposal by November 15. Hydroelectricity represents half of the electricity produced in the country, which also depends on nuclear and wind energy.

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