When a power cable to Germany recently broke and electricity prices in southern Sweden plummeted immediately, we got the definitive answer: the interconnectors are a direct threat to Swedish households and Swedish businesses. We must cut the cables to other countries and look after our own interests. The electricity price fell from around 1 SEK to just a few öre, which is more reasonable during a warm summer.

The power cables to Poland and Denmark were disconnected in early October 2022, which gave southern Sweden the cheapest electricity since the beginning of August that year.

– The more Sweden exports, the more electricity is needed, and then more expensive electricity generation is brought into use. All of this has an impact because the electricity price is generally higher in our neighbouring countries, stated Erik Ek, Head of Strategic Operations at Svenska Kraftnät, at the time.

We live under the EU's thumb: under EU regulations, Sweden is obliged to offer other countries the opportunity to buy the electricity available in Sweden, as long as there is capacity in the cables. As a result, we are infected by the high prices in other countries. After all, the EU is built on the free movement of goods and services; electricity included.

One more example: In December 2024, the electricity price in southern Sweden rose to 8 kronor per kWh for those with an hourly electricity contract. Why is that? Simply because the wind wasn't blowing! That's what happens when an entire continent makes itself dependent on something as unpredictable as the weather and the wind. Are we really going to shut down our industries when the wind doesn't deign to blow?

Sweden has become a raw material colony for the rest of the EU and we Swedes have become an enslaved people to be exploited. We are destroying our nature and property prices by building wind turbines we do not need in the name of the holy climate. Little Sweden with delusions of grandeur is going to save the world. We export all produced wind electricity. The ”export cables” are in practice imported price increases.

Through foolish energy policy, Germany has completely shut down its nuclear power, become dependent on expensive gas and coal, and when their prices soar – which they do regularly – we in Sweden are supposed to bail them out, just like the Danes who have gone all in on the mercy of the weather gods.

Vattenfall’s investments in nuclear power will have to wait, reports Dagens Industri. Instead, SEK 62 billion is to be invested in wind power over the next five years, primarily in Germany and the Netherlands. ”We want to contribute to the climate transition,” says Chief Financial Officer Kerstin Ahlfont. No, she wants to contribute to greenwashing! With our forests, we are offsetting our carbon emissions to 100%.

Even if the whole of Sweden disappears tomorrow, nobody will notice any difference. It’s easy to be generous with other people’s money. It’s downright criminal how things are run. How is it possible that a state-owned company is allowed to throw Swedish electricity consumers’ hard-earned money down the drain on worthless wind power. What’s more, in other countries, money that should be going towards electricity transmission from the north to the south of our own country. It is completely mental.

Why should we subsidise Germany's mistakes? Germany chose to close all its nuclear power plants. That was their decision, and it is their problem. Not ours. Yet it is Swedish electricity consumers and Swedish industry that have to pay the bill through exorbitant electricity prices while the Germans continue their unsustainable energy policy.

The government realised this when it stopped Hansa PowerBridge, the planned new cable to Germany. It has also paused Konti-Skan Connect to Denmark until further notice. Denmark is practically Germany's electricity trading partner, and the cables there simply become a gateway for German prices.

Electricity is not an ordinary commodity. It has to be produced in the exact same second that it is consumed. Our industrial workers cannot wait for the next delivery if the price skyrockets, and our pensioners cannot negotiate the electricity price when the cold bites.

If other countries are dependent on Swedish electricity to stabilise their grids, then it is they who should pay for our security – not the other way around. Why should Swedish consumers get German prices when we produce cheap Swedish electricity?

Sweden has enough electricity generation to supply itself every day of the year if we expand transmission between north and south. The money is already there in the form of the congestion revenues. The same money that the EU also wants to pinch and use in other countries.

The problem is that we are exporting a fifth of our production and thereby driving up prices in our own deficit areas.

Norway has already realised this – their governing party wants to cut the cables to Denmark. It is time Sweden does the same. We should not produce cheap electricity for others and get their high prices back in return. We must put our own house in order first. Leave the EU, cut the cables, lower the prices, secure Sweden's energy future.

Astrid Lofs, biologist, PhD, Ambition Sverige | The Swedish electricity grid | Image: Grok AI

Christian Steinbeck is a business economist and former CFO who has investigated the economics of wind power by studying over 1,500 annual reports from 2017 to 2024. He concluded that the investment in wind power in Sweden is the greatest destruction of capital in modern times.

Steinbeck studied which companies own the wind turbines, but ”It’s not going well at all. It’s going terribly badly.”.

”The only ones making money out of it are those who build wind farms and then walk away. And there you'll find OX2, Eolus Vind, these project developers, but you'll also find SR Energy.

Steinbeck shows a diagram of the actual production of wind power in terawatt hours from 2015 to 2025. Production is rising, ”and that's what everyone is so proud of. We're getting more wind power in Sweden.”, but with the maximum capacity increasing, production cannot keep up.

”This is because we now have such a capacity for wind power that we have to shut it down when it's windy, otherwise the power grid will collapse, and yet more is to be built.” ... ”So we are building wind power that we cannot use, and that is perhaps the strangest thing in today's energy debate in Sweden.”

Steinbeck says that politicians want to build more wind turbines even though they are unprofitable, because a lot of the electricity that could have been produced is lost as the wind turbines are often stationary. Furthermore, wind power is financed to a very large extent by public money on which we never get a return.

Watch video 1

During a bike tour in a pedal bar at Almedalen Week in Visby, Steinbeck shows a diagram of Sweden's electricity consumption and states that since the turn of the century, consumption has fallen by ten percent. The reduction is due to us adding insulation and expanding district heating, as well as the electricity tax being so high that many cannot afford to use electricity.

According to Statistics Sweden (SCB), six percent of Swedes can no longer afford to heat their homes as much during the winter months.

”There's so much talk about global warming, but we have global cooling in many Swedish homes. People are turning the heating down to, say, 17 degrees instead of twenty. This is a public health problem.”

Steinbeck therefore questions whether we should build even more wind turbines that we have to shut down when electricity demand is low, despite the wind blowing, because the electricity cannot be stored. This involves large amounts of electricity which are instead exported at very low prices.

Watch video 2

Our politicians are proud of Swedish electricity exports, but this is therefore about an overproduction of electricity from wind turbines that cannot be stored, and then it is exported out of the country at bargain prices. Sweden does not make any money from this.

”If you're selling electricity for perhaps five pence per kilowatt-hour that cost perhaps eighty pence per kilowatt-hour to produce, then that's a very bad deal.

It's no wonder wind power companies are going bankrupt, argues Steinbeck.

”We sell a lot of wind power to people who get it randomly. I'd rather call it random power than wind power.”

 

Interview and photo: Thomas Åkerberg, Ambition Sverige  | Torbjörn Sassersson

Ulf Ström, deputy leader of the Ambition Sverige party, who specialises in EU affairs, explains why we are facing an electricity price crisis in Sweden. Ström also discusses energy supply, agriculture, democracy and the environment.

The video is on YouTube

Video Ulf Ström | Photo: Ulf Ström, 18 Feb 2026, Ambition Sverige