Vattenfall wasted 471,000,000 tax dollars

For full transparency, I am politically very far from the Green Party and its politics. However, that does not mean that I do not understand that we are facing a climate change. I am in favor of nuclear power which is reliable, fossil-free and, above all, planable.

The Social Democrats have always been completely dependent on the Green Party's support in order to govern. A demand from the Green Party's side was that nuclear power should be phased out in Sweden. Together they introduced the effect tax.

Tax on thermal power in nuclear power reactors, as the effect tax was formally called, was introduced in 2000 shortly after the electricity market was deregulated. Instead of taxing for produced power as before, the nuclear power companies were taxed for the electricity that was theoretically possible to produce.

With the third increase in the effect tax, they succeeded in making Sweden's clean, cheap and reliable nuclear power unprofitable. During 2015 the government also replaced 2 people in the management of the state-owned company Vattenfall. Along with the management change, a change of course could be implemented, so-called "informal governance". "It means that you tell your state company what you want from them." All according to Lise Nordin, former energy policy spokesperson for the Green Party.

Our current government understands that nuclear power is an important factor in being able to meet all climate targets. In the spring, they voted to replace parts of the anti-nuclear board at Vattenfall.

Although wind power is subsidized via the electricity certificate system, it is not profitable. Inflation has led to a project that Vattenfall invested $471,000,000 becoming unprofitable before it is even completed. Vattenfall has calculated that it is cheaper to take the loss of $471,000,000 instead of completing the offshore wind farm outside the coast of England.

It's easy to shop with other people's money.