Swedish Deputy Prime Minister and Minister for Energy, Business and Industry, Ebba Busch, and NEA Director-General William D. Magwood, IV at Roadmaps to New Nuclear 2024.
The NEA and the Government of Sweden announced today a new collaboration on a system cost study of the Swedish electricity and energy system. The announcement was made during Roadmaps to New Nuclear 2024, a government-industry conference organised by the NEA in Paris, France, and co-chaired by Sweden’s Deputy Prime Minister and Minister for Energy, Business and Industry, Ebba Busch.
“The NEA has invested considerable effort in developing detailed scenarios of different policy choices in the energy sector and in investigating their cost implications,” said NEA Director-General William D. Magwood, IV. “We hope that this objective, fact-based expert analysis will support energy policy discussions in Sweden. The NEA stands ready to assist governments around the world as they strive to achieve net zero carbon emissions in the most cost-effective manner.”
“A broader understanding of the system benefits that nuclear power can bring to Sweden is much needed. I am certain this initiative will help inform the ongoing work to expand our stable and fossil free energy supply," said Deputy Prime Minister Ebba Busch.
NEA system cost analyses are based on in-depth information about the workings of a country’s electricity and NEA’s state-of-the-art technoeconomic modeling, coupled with the careful development of policy scenarios built in close co-operation with country experts and policymakers. Each country-specific analysis can help policymakers understand the likely cost implications of different strategic choices when designing future electricity and energy systems operating under stringent carbon constraints.
The last in-depth, country-specific NEA system cost analysis was completed in 2022, when the NEA concluded a system cost study of Switzerland to uncover different scenarios under which net zero carbon emissions can be achieved in the country by 2050.
The report documenting the NEA system cost study of Sweden is expected to be published at the end of 2025.
