Busch: Stop Electricity Cable to Denmark Until EU Changes Stance

Sweden has taken a firm stance in its energy policy dispute with the European Union, announcing a pause in cooperation and halting the development of the Konti-Skan Connect electricity cable to Denmark. This decisive move, led by Minister for Energy and Business Ebba Busch, underscores Sweden's demand for free disposal over "bottleneck revenues" – approximately 85 billion SEK generated from electricity transmission fees paid by Swedish households. Minister Busch articulated that these funds are earmarked primarily for Swedish interests, including energy support for households during the ongoing crisis in the Hormuz Strait, and investments in domestic energy infrastructure like hydropower upgrades, grid expansion, and potentially nuclear power. The Swedish government views the EU's proposals to use these revenues for common energy projects, particularly those favoring wind and solar power, as detrimental to Sweden's energy security and economic interests. Busch explicitly stated that the EU's proposals risk "stealing Swedish money" to fund what she described as "unstable electricity production," citing Germany's struggles during periods of low wind and solar output. This principled stand aims to ensure that Swedish consumers' energy payments directly benefit the nation, a position Sweden has previously had success defending against Brussels. The government is appealing to its Nordic neighbors, Denmark and Norway, for understanding and support in this crucial negotiation with the EU, emphasizing that strengthening Sweden's base energy capacity would also benefit the region.

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De ska i första hand användas i elstöd till hushållen om krisen i Hormuzsundet fortsätter