Millions of Swedish households could be compensated for high electricity prices

According to the proposal, households hardest hit by the spike will receive a maximum of SEK 2,000 (€195) per month for December, January and February. Each household will obtain a maximum of SEK 6,000 (€580). [Shutterstock / Rikard Stadler]

The government is proposing SEK 6 billion (€584 million) in aid to compensate the 1.8 million households hardest hit by high electricity prices, Finance Minister Mikael Damberg told a press conference.

According to the proposal, households hardest hit by the spike will receive a maximum of SEK 2,000 (€195) per month for December, January and February. Each household will obtain a maximum of SEK 6,000 (€580).

“We have very high electricity prices in Sweden and in Europe – I don’t think that you missed it. The government is taking the situation very seriously”, Damberg said.

The proposal covers households with a monthly electricity consumption greater than 2,000 kilowatt-hours. While this mainly includes houses, apartment owners will also receive a small amount.

“I understand that people are worried about their finances,” said Energy Minister Khashayar Farmanbar.

This measure is the Swedish government’s response to the earlier proposals made by the Moderate party in opposition, which included a series of relief measures for households affected by this winter’s high electricity prices. However, the measure is meant to be temporary and exceptional.

“This is an exceptional measure for an exceptional situation”, said Damberg, adding that it is very unusual for the state to compensate households for price fluctuations in markets.

(Charles Szumski | EURACTIV.com)

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