Svk Utlandskablar Uppdrag Reviderad Investeringsplan (2026)

Documents on the Swedish government’s decision to pause interconnector investments in response to EU nätpaketet negotiations, and Svk’s revised investment plan delivered in response. Groups a government press release (web clipping, 8 May 2026), the formal government assignment to Svk (Regeringsbeslut I:6, 7 May 2026, Dnr KN2026/01027), and Svk’s revised investment plan submitted 17 June 2026 (Bilaga 1, plus the Svk news clipping of 18 June 2026).

Signed by: Ebba Busch (Minister for Energy and Business), Mikaela Sjöqvist

Formal decision: Regeringsbeslut I:6, 2026-05-07, Dnr KN2026/01027

Press release: regeringen.se, 2026-05-08

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 necessary for electrification (particularly for countries with internal price zones)
   • Electricity support (elstöd)

2. EU-level electricity system planning — the package would concentrate electricity system planning at EU level, reducing national flexibility. Per the press release, very little has happened in negotiations on this point.

Partial movement: Some adjustments on flaskhalsinkomster were made in recent negotiation rounds. The press release says Sweden has reached 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.”

The revised plan as submitted (17 June 2026)

Svk delivered the revised investment plan for 2027–2029 on 17 June 2026, ahead of the 31 July deadline (Svk news clipping, 18 June 2026). The three interconnectors are excluded as ordered:

• Konti-Skan Connect — the ongoing project is paused until new instructions arrive (Bilaga 1 lists it under reinvestments with prognosis moved to zero; “Projektet är exkluderat enligt regeringens beslut”).
• Aurora Line 2 and Fenno-Skan 3 — also excluded (“exkluderat enligt regeringens beslut”); samhällsekonomiska analyser (socio-economic analyses) are ongoing; depending on the results the projects may return in a future investment plan.

The plan also confirms the broader programme. Total prognosis across all investment lines is ~318.4 bn kr lifetime (318,445,160 tkr), of which ~67.6 bn kr falls in the 2027–2029 window (67,550,000 tkr) — split between anskaffning och utveckling av nya investeringar (~33.8 bn kr 2027–2029) and vidmakthållande av befintliga investeringar (~33.8 bn kr). Major items in the plan include the NordSyd benen (Uppsala, Västerås, Karlstad, Hallsberg), the Stockholm packages (Storstockholm Väst, Stockholms Ström), Gotlandsförbindelsen, and Åtgärdspaket Malmfälten. Projects ≥400 MSEK require government approval; the plan is approved through the riksdag’s budget proposition.

Project notes from Bilaga 1: Aurora Line 2, Fenno-Skan 3 and Konti-Skan Connect show zero prognosis (the original Aurora Line, a 400 kV line, remains at 4,008,500 tkr total with nothing in 2027–2029); several prognoses were revised (e.g. Ekhyddan–Nybro–Hemsjö, about -150 MSEK for timing; Storstockholm Väst, about -1,350 MSEK 2027–2029 mainly from delays and a write-down). The document is digitally signed via Svk’s SendSign service.

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