The CEO of Vattenfall has criticised the government tax placed on nuclear power, which he says will damage Sweden’s energy security and impede the transition to renewables.

Magnus Hall, said that nuclear power generation in Sweden increased in the first three months of the year but warned that its operations in Sweden remain “challenged as a result of the nuclear tax.”Magnus Hall

He said that the SEK0.07 per kilowatt hour tax “needs to be abolished in order to secure Sweden’s energy supply and enable the transition to a fully renewable energy system.”

According to the Swedish energy association Svensk Energi, the tax costs the power generation industry approximately SEK4.6bn per year.

“The unique Swedish tax has no connection to either the environment or safety, but is only about getting money to the treasury,” Svensk Energi Managing Director Pernilla Winnhed claimed in a recent statement. “With the low electricity prices that prevail… it means that nuclear power cannot be sustained if the output tax remains in its current form.”

 Agneta Rising, Director General, World Nuclear Association told Power Engineering International, “This tax threatens to destroy a valuable source of reliable low-carbon generation able to operate 24/7. It also threatens the jobs of thousands of highly skilled employees.”

“The tax amounts to twice the salaries of all of a nuclear plant’s employees. It is more than any utility could take.”

 

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