Source - Svk Utlandskablar Uppdrag Reviderad Investeringsplan (2026)

Two documents on the Swedish government’s decision to pause interconnector investments in response to EU nätpaketet negotiations. Groups a government press release (web clipping, 8 May 2026) and the formal government assignment to Svk (Regeringsbeslut I:6, 7 May 2026, Dnr KN2026/01027).

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The assignment

The government assigns Svenska kraftnät to submit a revised investment plan for 2027–2029 by 31 July 2026 in which three planned interconnector projects are excluded:

For Aurora Line 2 and Fenno-Skan 3: if Svk intends to include these in a future investment plan, it must first provide socioeconomic analyses of their effects on the Swedish electricity system.

Background on investment plan approval: Svk must submit a verksamhetsplan (operating plan) including an investment plan by 1 March each year, covering the following three financial years. New investment projects exceeding 400 MSEK are subject to government approval; the plan is approved via riksdag’s decision on the budget proposition.

The political context

The government’s stated reason is the direction of EU energy policy, specifically the European network package (nätpaketet), proposed by the Commission in December 2025 and under Council negotiation since then.

Sweden’s two core objections to the nätpaketet:

1. Flaskhalsinkomster (congestion revenues) — the nätpaketet restricts how member states can use revenues from congestion between bidding zones more than current rules. Sweden wants to be able to apply these revenues to:

   • Financing fossil-free dispatchable electricity production (particularly important for countries with internal price zones)
   • Grid reinforcement
   • Electricity support to households

2. EU-level electricity system planning — the package would concentrate electricity system planning at EU level, reducing national flexibility. “Very little has happened in negotiations” on this point.

Partial movement: Some adjustments on flaskhalsinkomster were made in recent negotiation rounds. Ebba Busch acknowledged “important advances in line with the government’s priorities” — but the nätpaketet still restricts usage more than current rules allow.

Quoted statement (Ebba Busch): “EU ska inte få svenskarnas elpengar. Bryssel lyssnar just nu inte på oss. Därför pausar vi planeringen för nya kablar för elexport.”

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