Sweden Pressures Germany to Reform Power Market

Sweden will only reconsider building an interconnector with Germany if the latter reforms its electricity market to make it less reliant on imports. Speaking to the Financial Times, Swedish energy minister Ebba Busch explained that Germany must split its electricity market into bidding zones to bring overall prices lower. Only then would Sweden move forward with the 700-MW Hansa PowerBridge between Northern Germany and Southern Sweden. Busch’s statement comes on the heels of a warning from Norway that it would cut its own interconnectors…