Sweden earmarks SEK 6 billion to support electricity bills

Stockholm reserves around SEK 6bn to aid households hit by high power prices.

Photo: Johan Jeppsson/AFP / TT NEWS AGENCY

Yet another European country has chosen to provide economic support for the residents hardest hit by sky-high energy prices. Sweden's government has thus decided to spend SEK 6bn on buffering electricity prices for a three-month period, the government informs in a statement.

"The government takes this situation very seriously and is thus reserving SEK 6bn to compensate households receiving high electricity bills. This is an extraordinary measure in an extraordinary time," says Swedish Minister of Finance Mikael Damberg.

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