Sweden's dispute with Brussels over electricity market rules is quickly becoming one of the biggest political energy stories in Europe.
At the centre of the debate is a huge stockpile of congestion revenues; billions of euros generated from price differences across Sweden's own grid and its interconnectors with neighbouring countries. Stockholm argues the money should stay in Sweden to fix domestic bottlenecks and protect consumers, while the EU wants greater flexibility to use some of those funds for wider European grid projects.
But this is no longer just a technical dispute over electricity markets.
This week’s episode explains how congestion revenues became such a political flashpoint, why frustrations with Germany and EU market rules are growing, and how Sweden’s widening north-south price divide is fuelling domestic pressure.
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