Electricity Prices
Ebba Busch criticizes EU commissioner over bottleneck revenues
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Energy Minister Ebba Busch (KD) launches a sharp attack on EU Energy Commissioner Dan Jørgensen in the dispute over Swedish bottleneck revenues. She recently paused the expansion of a power cable to Denmark.
Electricity prices in Sweden rose sharply in February, with the biggest increases in the north where rates became over 660 percent more expensive than the previous year. Experts point to cold weather, weak winds, and increased exports as causes of the shock. Forecasts suggest March may be cheaper, but uncertainties remain.
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Many Swedish households have been hit by sharply increased electricity bills for January due to high electricity prices and raised network fees. Prices in northern Sweden have been almost four times higher than last year, leading to concern among customers. Grid companies like Vattenfall and Ellevio justify the increases with necessary investments in infrastructure.