Europe

Swedish Prime Minister calls for decoupling of electricity and gas prices

STOCKHOLM, Sept. 2 (Xinhua) — The Swedish government on Friday called for separating gas from the electricity tariff system as it would lead to lower electricity prices.

Prime Minister Magdalena Andersson said at a press conference: “With so many of our neighbors dependent on Russian gas, Swedish homes and businesses will have to pay very high prices to buy cheaply produced Swedish electricity. It is not reasonable to have to,” he said.

According to Anderson, the Swedish government will demand that electricity prices in the European energy market be decoupled from gas prices that have been unfairly high due to Russia’s “energy war” against Europe.

Gas decoupling would halve electricity prices in southern Sweden, Energy and Digital Development Minister Khashayar Farmanbar said at the same press conference.

Anderson also announced that it will work for a wide range of coalitions within the European Union to bring down electricity prices, which have recently reached record levels.

Electricity prices in Sweden, particularly in the south, have repeatedly broken records last month, averaging 3.05 Swedish crowns (US$0.28) per kWh, with a high of nearly 8 crowns.

http://www.swedennews.net/news/272715622/swedish-pm-calls-for-decoupling-electricity-gas-prices Swedish Prime Minister calls for decoupling of electricity and gas prices

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