Swedenergy’s position on EU’s electricity market legislation

During the last 60 years, Swedish energy companies have built one of the most efficient energy systems in the world with 98 percent carbon free electricity. Hydropower is the most important source of electricity in Sweden, producing 40 percent of the electricity but also provides the necessary flexibility integrating larger shares of intermittent electricity produced by wind and the sun.

The Swedish power market is to a large extent integrated with the neighboring Nordic countries and Baltic states. An important step in this integration was the establishment of a joint Nordic electricity wholesale market through the formation of the common Nordic power exchange, Nord Pool, in 2003. Nord Pool generated the prerequisites for a competitive cross-border electricity market, delivering a wholesale price creating the fundamental transparency for non-regulated consumer prices and possibilities for hedging of price risks.

For the Nordic power market, it is important to continue the path of regional harmonisation and to continue liberalising the power market in Europe. The revisions of the electricity market directive and electricity market regulation is a golden opportunity for the European Union to create a more competitive and efficient power market.

In this working paper, you will find Swedenergy’s detailed positions on the electricity market directive and regulation with the overall goal of making the European power market more efficient and competitive.

Read the whole working paper.