Energy

Sweden's Energy Minister Ebba Busch announces the collapse of negotiations for a broad energy agreement with all parliamentary parties. Despite secret talks with the opposition, no consensus was reached, particularly due to disagreements over nuclear power. Busch remains hopeful for future agreements, highlighting a shared vision for electrification and fossil-free energy.

Gotland experienced another significant power outage, affecting nearly 43,000 customers. The disruption, initially caused by a disconnection between the mainland and the island, was later attributed to a lightning strike during a stormy night. Power was restored by early morning.

Starting in October, Vattenfall will introduce peak tariffs for a test group, affecting nearly a million customers. By December 2026, all electricity network companies must implement these tariffs, which charge more for high short-term electricity usage. The goal is to distribute electricity use throughout the day to reduce strain on the grid.

The shutdown of the Oskarshamn nuclear reactor is extended to October 17, leading to higher electricity prices in southern Sweden. The delay is due to challenges in repairing a defect with robots. This extension, combined with low water levels in Southern Norway and increased demand, will heighten reliance on continental imports, further driving up prices.

Sweden plans to build new small modular reactors (SMRs) by 2035, but experts and opposition parties doubt the feasibility of this timeline. While the government sees it as a significant step forward, experts highlight the challenges, including the current non-commercial status of SMR technology and legislative hurdles.

Vattenfall announces plans to invest in small nuclear reactors at Ringhals, aiming for a new Swedish nuclear power presence by the mid-2030s. While the government supports the initiative, opposition parties criticize the timeline and feasibility, highlighting the technology's developmental stage. The government has opened a support scheme for nuclear builders, sparking debate over potential costs to taxpayers.