Sweden threatens to restrict power exports over EU funding plan

Sweden has threatened to restrict electricity exports to neighbouring countries if disagreements with the European Commission over the use of national funds for EU energy projects are not resolved, Deputy Prime Minister Ebba Busch said on Monday.



The move could ripple through Northern Europe's electricity market. Sweden exports excess power from its fleet of nuclear, hydropower and renewable energy generators via cables to countries including Germany, Denmark and Finland.



"If it comes down to this, then we will take drastic measures,” Busch, who is also Sweden's energy minister, said in an interview.



Asked if Sweden was considering restricting flows on its existing power interconnectors with other countries, Busch said: "That is one of the measures that we have been discussing, and that would have support in Sweden."