https://sputnikglobe.com/20220813/swedish-minister-defends-power-exports-despite-households-taking-tough-beating-amid-energy-crunch-1099554255.html
Swedish Minister Defends Power Exports Despite Households 'Taking Tough Beating' Amid Energy Crunch
Swedish Minister Defends Power Exports Despite Households 'Taking Tough Beating' Amid Energy Crunch
Sputnik International
France’s fleet of nuclear power stations has typically made up the “backbone” of the European power system, but it ceded that position to Sweden earlier in the... 13.08.2022, Sputnik International
2022-08-13T13:42+0000
2022-08-13T13:42+0000
2022-12-19T13:49+0000
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Amid Europe’s energy crisis, Sweden has stepped in to boost regional electricity supply even as its own citizens are “taking a tough beating,” the country’s energy minister stated.He added a plethora of measures were being considered to “lower the prices or help the households and industry in order to manage the situation.”The largest Nordic nation became the region’s top power exporter in the first half of the year after France suffered increasing setbacks with its aging fleet of nuclear reactors, turning it instead into a net importer.“This has been exacerbated by high gas prices, which has made it less financially attractive for France to export usual amounts of gas into Europe. This in turn has pushed gas assets out of merit across Europe.”Sweden’s exports soared to 16 terawatt-hours in the first half of 2022 from 13.8 terawatt-hours in the previous six-month period, according to an analysis by EnAppSys Ltd.Most of Sweden's electricity supply comes from hydro and nuclear power, along with a growing contribution from wind. However, the region has similarly seen electricity costs skyrocket as Europe faces its worst energy crisis in decades.Rationing ‘Not on the Table’Power prices reached record highs in the south of Sweden on Friday, prompting some utilities to advise customers to curb consumption where possible.Nevertheless, Farmanbar ruled out energy rationing for the time being.Sweden’s energy minister advised households to get more energy efficient, install energy saving appliances, and use the subsidies available.Diverse energy saving measures such as turning down thermostats and taking cold showers to lowered temperatures in public pools and turned off illumination of historical monuments are being encouraged across Europe ahead of the winter crunch.Since 2021, energy prices in Europe have been growing as part of a global trend. However, after the beginning of Russia's special military operation in Ukraine and the adoption of several packages of sanctions against Moscow in the West, fuel prices have accelerated the growth, pushing many European governments to resort to contingency measures.
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europe, sweden, energy crisis, electricity supply, france, gas prices
europe, sweden, energy crisis, electricity supply, france, gas prices
Swedish Minister Defends Power Exports Despite Households 'Taking Tough Beating' Amid Energy Crunch
13:42 GMT 13.08.2022 (Updated: 13:49 GMT 19.12.2022) France’s fleet of nuclear power stations has typically made up the “backbone” of the European power system, but it ceded that position to Sweden earlier in the year due to extended outages, according to energy data analyst EnAppSys Ltd. Sweden has since become the region’s biggest net electricity exporter amid Europe’s energy crunch.
Amid Europe’s
energy crisis, Sweden has stepped in to boost regional electricity supply even as its own citizens are “taking a tough beating,” the country’s energy minister stated.
“Although we are for now the top exporter in Europe - we have electricity in abundance - we are being hit by the high prices that we see down on the continent,” Khashayar Farmanbar was cited by Bloomberg as saying on Friday.
He added a plethora of measures were being considered to “lower the prices or help the households and industry in order to manage the situation.”
The largest Nordic nation became the region’s top power exporter in the first half of the year after France suffered increasing setbacks with its aging fleet of nuclear reactors, turning it instead into a net importer.
“France’s nuclear issues have resulted in an exceptional net-import position for the French market,” Jean-Paul Harreman, director of the UK-based EnAppSys BV energy research firm, was cited as saying, adding:
“This has been exacerbated by high gas prices, which has made it less financially attractive for France to export usual amounts of gas into Europe. This in turn has pushed gas assets out of merit across Europe.”
Sweden’s exports soared to 16 terawatt-hours in the first half of 2022 from 13.8 terawatt-hours in the previous six-month period, according to an analysis by EnAppSys Ltd.
Most of Sweden's electricity supply comes from hydro and nuclear power, along with a growing contribution from wind. However, the region has similarly seen electricity costs skyrocket as Europe faces its worst
energy crisis in decades.
Rationing ‘Not on the Table’
Power prices reached record highs in the south of Sweden on Friday, prompting some utilities to advise customers to curb consumption where possible.
Nevertheless, Farmanbar ruled out energy rationing for the time being.
“Energy rationing is not on the table for right now, we don’t see that happening at all but energy shortages we see in 6% of simulations,” he said.
Sweden’s energy minister advised households to get more energy efficient, install energy saving appliances, and use the subsidies available.
12 August 2022, 10:49 GMT
Diverse
energy saving measures such as turning down thermostats and taking cold showers to lowered temperatures in public pools and turned off illumination of historical monuments are being encouraged across Europe ahead of the winter crunch.
Since 2021, energy prices in Europe have been growing as part of a global trend. However, after the beginning of Russia's special military operation in Ukraine and the adoption of several
packages of sanctions against Moscow in the West, fuel prices have accelerated the growth, pushing many European governments to resort to contingency measures.
