Sweden’s Power Bills Set to Rise With Closure of Nuclear Plant
- Vattenfall to permanently halt Ringhals-1 unit on Thursday
- Halt will further limit electricity transfers to the south
Ringhals nuclear power plant
Photographer: Annika Ornborg/Vattenfall ABThis article is for subscribers only.
Millions of homes and factories in Sweden could get hit by rising power costs after the nation’s oldest nuclear reactor generates its last megawatt on Thursday.
Utility Vattenfall AB took the decision to shut the reactor five years ago. Since then, the energy debate has turned from discussing what to do with a massive glut of power to how to deal with a capacity shortages in many of the major cities. The closure of Ringhals-1, the fourth reactor to shut in seven years, will strain supply to the populous south.