This sounds... exceptionally uninteresting. Am I missing something here?
Or is this just a dog whistle for the HN crowd who like to complain about anything related to EU regulations?
The free market in EU caused the high electricity prices in Germany to be partially transferred to Swedish consumers, despite Sweden being a net exporter.
From a political POV, Sweden couldn't really stop this (or the government didnt want to as they were making bilions on transfer fees). And this cable would make things significantly worse for the swedish consumers
Britain is often suffering high prices, likely due to lack of capacity in connections with the mainland EU.
https://app.electricitymaps.com/map/zone/DK-DK2/live/fifteen...
Now Sweden is stuck in a terrible situation where we're forced to quickly sell our excess energy to Google/Microsoft/Facebook before the EU will force the use of the bottleneck fees to build more cables to Germany.
Interestingly, the hydro plants are located in the north and the national power grid is not dimensioned for massive export, so the export to germany from the south of sweden caused a strong price gradient.
Renewable, net zero energy requires massively expanding the grid to regions that cannot supply enough from regions that can. I.e. hydro during Dunkelflaute.
Here, we find yet another type of stumbling block in setting up such a system.
Yeah, not super riveting stuff, I suppose...
Only topped by the number of people who love to cheer for US vs China while living in neither.