4 ms·

Nordic’s also have a lot of nuclear (well Sweden and Finland does)

• the_third_wave 4y ago
  ...which is under constant pressure from "green" parties to be closed down in Sweden. The current government makes different noises and may in fact allow more nuclear power plants to be established but nearly all "progressive" governments in the last decades have worked to reduce reliance on nuclear power. Half of the available nuclear capacity has been closed down for political reasons - "green" politicians claim it was the market which decided to close down these plants but their claims are false [1]. Some of the recently closed down plants could possibly be restarted but this remains to be seen. Given the current "energy crisis" in Europe - which has driven up electricity prices in Sweden 5- to 10-fold for end users and with that is driving many companies into bankruptcy even though the actual cost for ~75% of power producers - hydro and remaining nuclear capacity - in Sweden has not changed. The profits from these price hikes mostly (~65%) flow to the state [2] through increased taxation, the so-called "flaskhalsavgift" (bottle neck surcharge) on electricity produced in the north but used in the south or abroad and the increased VAT income due to the higher prices. [1] https://naringslivets-medieinstitut.se/det-var-marknaden-som-stangde-karnkraften/ https://naringslivets-medieinstitut.se/det-var-marknaden-som... [2] https://www.dagensps.se/privatekonomi/bostad/analys-staten-stor-vinnare-pa-hoga-elpriser/ https://www.dagensps.se/privatekonomi/bostad/analys-staten-s...