Sweden Blames Germany's Nuclear Phase-Out for Soaring Energy Prices
2024-12-16
Sweden's Energy Minister Ebba Busch has blamed Germany's decision to phase out nuclear power for the country's soaring energy prices, announcing that the government is considering new measures to tackle the crisis. Busch expressed anger at Germany's actions, stating they have had serious consequences for Sweden and the EU. The rising prices, exacerbated by regional disparities and a spike in southern Sweden, are prompting the government to explore ways to support households and businesses. Despite the pressure, Sweden doesn't appear to be considering leaving the EU energy market, instead focusing on issues with the EU's Flow-Based Market Coupling system as a contributing factor.