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From an economical and political point of view this is actually interesting. The free market in EU caused the high electricity prices in Germany to be partiall
by throwa356262 14d ago
From an economical and political point of view this is actually interesting.
The free market in EU caused the high electricity prices in Germany to be partially transferred to Swedish consumers, despite Sweden being a net exporter.
From a political POV, Sweden couldn't really stop this (or the government didnt want to as they were making bilions on transfer fees). And this cable would make things significantly worse for the swedish consumers
- silvestrov 14d agoThis is a good live map of how Europe is partitioned into zones and what their prices are. Right now you can see a large price difference between Sweden and Denmark and also with Norway. Britain is often suffering high prices, likely due to lack of capacity in connections with the mainland EU. https://app.electricitymaps.com/map/zone/DK-DK2/live/fifteen_minutes?signal=electricity-price https://app.electricitymaps.com/map/zone/DK-DK2/live/fifteen...
- cotillion 14d agoGermany cleverly designed this particular variant of the 'free market' to ensure that access to cheap energy can't be used as a competitive advantage against their industries when they closed their nuclear plants. Having the same price in northern Sweden and Norway in winter as in central Europe is insane. Now Sweden is stuck in a terrible situation where we're forced to quickly sell our excess energy to Google/Microsoft/Facebook before the EU will force the use of the bottleneck fees to build more cables to Germany.
- yxhuvud 14d agoNorthern Sweden don't have the same prices as central Europe or even close to that. The underlying reason is that the transfer capability doesn't handle equalizing it. However, southern Sweden is a lot closer - Sweden is divided into 4 different price regions with insufficient transfer capability between them.