Baylan promises tax decision at latest in May

A report on the economic situation in the energy sector was brought before the energy commission yesterday. Declining profitability risks closing Swedish nuclear power, which represents 40% of the country’s energy, early, according to the industry. And industry organisation Swedenergy (Svensk energi) claims output tax makes up a quarter of all production costs.

Minister for Energy, Ibrahim Baylan (S), commented that all electricity production is struggling with low prices, and that taxes must be examined. Nuclear providers are facing major investment decisions, which must be taken before the middle of the year to meet tighter safety requirements after the Fukushima accident in Japan. Baylan has now promised the decision about output tax will be made by the middle of May.