STOCKHOLM — Sweden’s government said Wednesday it wants to pass legislation forcing the country’s public power transmission grid operator to help ease expected winter high electricity bills for Swedish households and businesses.
Prime Minister Magdalena Andersson, whose Social Democratic minority government faces parliamentary elections next month, said the proposal would cost Svenska kraftnat at least 30 billion kroner ($2.9 billion).
She said the utility company responsible for securing Sweden’s electricity transmission system would receive the funds from the 60 billion kroner it received from grid congestion revenue. The details will be provided by Svenska kraftnat itself, she said.
– Both homeowners and business owners feel bad when they think about the electricity bill for the winter, says Andersson.
Andersson said the move was necessary given high energy costs due to Russia’s invasion of Ukraine, adding that she would not allow Russian President Vladimir Putin “to hold Swedish households and Swedish industry hostage”.
“When it comes to the energy sector, we have something like a war economy,” she said.
Andersson’s Social Democratic Party currently has 100 seats in the Riksdag, or Riksdag, with 349 seats.
Recent polls show that Andersson’s party and its center-left allies are tied with a right-wing opposition that includes Sweden’s third-largest party, the populist Sweden Democrats, which is rooted in a neo-Nazi movement.