Contact Baltic Cable

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Contact Baltic Cable

FAQ

Facts about Baltic Cable

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At the exact moment when Baltic Cable would cease to operate, the need to compensate for the loss would imply an immediate redispatch of production and/or consumption in the balancing markets of Sweden, Germany, and/or neighbouring countries.

In a longer time perspective, the electricity market would need to adapt to the new conditions, which would influence the use of transmission capacities throughout the region and impact prices accordingly. The Nordics would still be connected to continental Europe through a great number of interconnectors between Norway/Sweden/Denmark/Finland and Great Britain/Netherlands/Germany/Poland/Estonia/Lithuania, which in turn are connected to the rest of Europe. Therefore, energy would still flow, at least indirectly, also between Sweden and Germany. The overall capability of the common market to integrate different parts of Europe would weaken and during times with strained energy systems either in Sweden, Germany or some other connected country, the capacity available to remedy such challenges would be scarcer.

All interconnections between countries imply an exchange of electricity and that producers and consumers on both sides gain access to a larger market. Combining the markets also means that prices in both regions become more similar.

At times when the electricity price in southern Sweden is lower than in Germany, consumers in Germany can access to cheaper electricity in Sweden and producers in Sweden can access to a more attractive consumer market in Germany. Consequently, during these times, the electricity price rises in Sweden and decreases in Germany. When the electricity price in southern Sweden is higher than in Germany, the opposite holds.

When Baltic Cable was first constructed, it was expected to have a lifetime of around 40 years. 31 years into operations, both the cable and the stations are however in very good condition and expected to operate securely and reliably for at least another 20 years.

Baltic Cable is certified in Germany as a TSO under the ITO unbundling model, which sets strict requirements for the separation between the activities of Baltic Cable AB and Statkraft Group. This entails that Statkraft Group has no direct or indirect influence on, or insights into, the day-to-day business of Baltic Cable AB or the operation of the Baltic Cable interconnector.

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Our role in the European energy market

Europe is the largest interconnected electrical grid in the world​. As an Interconnector Transmission system Operator, Baltic Cable plays a small but important role in the network of European electricity grids.

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