2025-11-262025/26:NU10 · p.2NUBusiness & energy
Deficit Transfer
Carryover of deficits in grid companies' revenue caps
What's at stake: The decision affects how high the network fees electricity customers pay are and whether grid companies' investments are made cost-effectively; it concerns households and businesses connected to the grid.
Case texts and AI reasoning are AI-translated from the Swedish originals; the Swedish text is authoritative.
What the vote decides
The question is whether the law on a special investment allowance for grid operations, which among other things allows grid companies to carry over revenue-cap deficits between regulatory periods, should be kept or abolished.
Yes Yes — the committee proposal
The committee shares the government's assessment that the law on a special investment allowance for grid operations, which among other things allows the carryover of deficits between regulatory periods, should not be abolished, and points to the detailed argumentation set out in the bill.
No No — the reservations
Reservation 1 (V, C, MP)
The reservation holds that the law on a special investment allowance for grid operations, including the ability to carry deficits over between regulatory periods, should be abolished since it substantially increases network costs for households and businesses without a corresponding benefit, as some of the funds collected have gone to profit rather than investment; the government should bring forward a proposal to this effect.
Summarised from the committee report. Party labels in the summary come from the report, not from the vote.
What do the votes mean here?
Yes The committee proposal: rejecting the motions (keeping things as they are).
No Backing the counter-proposal: reservation 1 by V, C, MP.
Abstain The party marks a position of its own that is not one of the two final alternatives.
What each plan points to — and how the party voted
For each party: the vote its own election manifesto and party programme point to in this case, next to how the party actually voted. A plan can only point to Yes or No; a party can also abstain.
| Plan | Vote | Confidence | Evidence | ||
|---|---|---|---|---|---|
| V | No | No 0/17/0/5 | follows the plan | confidence: medium | not addressed |
| S | No | Yes 93/0/0/13 | departs from the plan | confidence: medium | derived |
| MP | No | No 0/14/0/4 | follows the plan | confidence: low | not addressed |
| C | Yes | No 0/20/0/4 | departs from the plan | confidence: low | not addressed |
| L | Yes | Yes 12/0/0/4 | follows the plan | confidence: low | not addressed |
| KD | Yes | Yes 16/0/0/3 | follows the plan | confidence: low | not addressed |
| M | Yes | Yes 60/0/0/8 | follows the plan | confidence: low | not addressed |
| SD | No | Yes 61/0/0/11 | departs from the plan | confidence: low | not addressed |
Committee proposal
The Riksdag rejects motion 2025/26:3823 by Rickard Nordin (C) demands 1 and 6.
Original (Swedish)
Riksdagen avslår motion 2025/26:3823 av Rickard Nordin (C) yrkandena 1 och 6.
Riksdag decision: Legal changes need to be made for Sweden to better comply with EU regulations concerning network companies' revenue caps. The Riksdag approved the government's proposal, with some minor legal-technical adjustments, on changes to, among others, the Electricity Act and the Natural Gas Act. The adaptations to EU regulations mean that the Energy Markets Inspectorate will determine the conditions for how electricity network companies' revenue caps should be calculated. The agency's mandate is to promote well-functioning energy markets. The goal is for customers to pay reasonable network charges and for network companies to have good conditions to operate and develop their networks in a cost-effective manner. The legal changes enter into force partly on 1 January 2026, and partly on 1 January 2027.
Counter-proposals
- The counter-proposal wants to abolish the law on special investment space for electricity network activity and the ability to roll over deficits between regulatory periods. (V, C, MP) — Reservation 1
Plan vs actual vote
Every party, in chamber order: what its own plan pointed to, how it voted, and the reasoning behind both. Highlighted rows are where the two differ — but a vote that follows the plan is a result too, so the reasoning is there for every party.
The plan explicitly wants the public to take over responsibility for the power grid so that charges for households decrease, and sees electricity as infrastructure where prices should be based on socio-economic goals.
Plan documents: 2022 manifesto · party programme
Reasoning and quotes
The plan explicitly wants the public to take over responsibility for the power grid so that charges for households decrease, and sees electricity as infrastructure where prices should be based on socio-economic goals. A law that leads to significantly increased grid costs where part of the money goes to profit instead of investments goes directly against this and is exactly the kind of excessive profit the plan opposes. Therefore, abolishing it aligns with the plan.
Original (Swedish)
Planen vill att det offentliga tar över ansvaret för elnätet uttryckligen för att avgifterna för hushållen ska minska, och ser el som infrastruktur där priserna ska utgå från samhällsekonomiska mål. En lag som ger kraftigt ökade nätkostnader där en del av pengarna går till vinst i stället för investeringar går rakt emot det och är just den sortens övervinst planen vänder sig mot. Att avskaffa den ligger därför i linje med planen.
- lower grid charges for householdsdecisive»Det offentliga ska ta över ansvaret för elnätet, vilket kommer leda till minskade avgifter för hushållen.« (2022 manifesto ↗)“The public should take over responsibility for the power grid, which will lead to reduced charges for households.”
- against excessive profits»På marknader som präglas av övervinster eller dåliga avtalsvillkor kan gemensamt ägda företag sätta tryck genom att erbjuda bättre villkor.« (party programme ↗)“In markets characterised by excessive profits or poor contractual terms, collectively owned companies can exert pressure by offering better terms.”
- electricity as infrastructure»Vi ser el och värme som en del av Sveriges infrastruktur, där investeringar och priser behöver utgå från samhällsekonomiska mål.« (party programme ↗)“We see electricity and heat as part of Sweden's infrastructure, where investments and prices need to be based on socio-economic goals.”
The election manifesto requires that costs for electricity grid expansion are reasonable for electricity customers, and the party programme wants to prevent unreasonable pricing and see low and fair energy prices.
Plan documents: 2022 manifesto · party programme
Reasoning and quotes
The election manifesto requires that costs for electricity grid expansion are reasonable for electricity customers, and the party programme wants to prevent unreasonable pricing and see low and fair energy prices. An arrangement where extracted funds go to profit rather than investments is exactly such a market failure that the plan points out when harmful oligopolies have grown. Abolishing the law on special investment room is therefore supported.
Original (Swedish)
Valmanifestet kräver att kostnaderna för elnätsutbyggnaden är rimliga för elkunderna, och partiprogrammet vill förhindra oskälig prissättning och se låga och rättvisa energipriser. En ordning där uttagna medel går till vinst snarare än investeringar är just ett sådant marknadsmisslyckande som planen pekar ut när skadliga oligopol vuxit fram. Att avskaffa lagen om särskilt investeringsutrymme stöds därför.
- reasonable grid costsdecisive»Samtidigt är det viktigt att kostnaderna för utbyggnaden av elnätet är rimliga för elkunderna, oavsett var i landet man bor.« (2022 manifesto ↗)“At the same time, it is important that costs for electricity grid expansion are reasonable for electricity customers, regardless of where in the country they live.”
- stop unreasonable pricing»Förhindrande av priskarteller och oskälig prissättning.« (party programme ↗)“Prevention of price cartels and unreasonable pricing.”
- low and fair energy prices»Låga och rättvisa energipriser i hela landet.« (party programme ↗)“Low and fair energy prices throughout the country.”
- market failures are corrected»skadliga oligopol har även vuxit fram.« (party programme ↗)“harmful oligopolies have also grown.”
The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.
The plan wants an energy system that delivers electricity at low prices for households and businesses, and believes that the state should prevent monopoly positions from disadvantaging ordinary households.
Plan documents: party programme
Reasoning and quotes
The plan wants an energy system that delivers electricity at low prices for households and businesses, and believes that the state should prevent monopoly positions from disadvantaging ordinary households. The counter-proposal's argument is that investment space results in significantly increased network costs where some funds go to profit rather than investments. At the same time, the plan wants to expand and maintain the electricity network, which pulls in the opposite direction and makes the conclusion uncertain.
Original (Swedish)
Planen vill ha ett energisystem som levererar el till låga priser för hushåll och företag och menar att staten ska motverka att monopolställning går ut över vanliga hushåll. Motförslagets argument är att investeringsutrymmet ger kraftigt ökade nätkostnader där en del av medlen går till vinst snarare än investeringar. Samtidigt vill planen bygga ut och underhålla elnätet, vilket drar åt andra hållet och gör slutsatsen osäker.
- low electricity prices for householdsdecisive»energisystem som kan leverera el dygnet runt, året om – till låga priser för hushåll och« (party programme ↗)“energy system that can deliver electricity around the clock, year-round – at low prices for households and”
- prevent monopoly profits»Staten har ett ansvar att motverka en sådan utveckling.« (party programme ↗)“The state has a responsibility to prevent such a development.”
- expanded power network is needed»både underhålla och bygga ut dagens elnät, samtidigt som nätet anpassas till ett« (party programme ↗)“both maintain and expand today's power network, while the network is adapted to a”
The plan requires a significantly expanded and upgraded power grid throughout the country as a prerequisite for doubling emissions-free electricity production.
Plan documents: 2022 manifesto · party programme
Reasoning and quotes
The plan requires a significantly expanded and upgraded power grid throughout the country as a prerequisite for doubling emissions-free electricity production. Abolishing the law on special investment allowances, including the ability to carry over deficits between regulatory periods, reduces the scope for precisely those grid investments. The plan's concern for household costs speaks against this, which is why certainty is low.
Original (Swedish)
Planen kräver ett kraftigt utbyggt och rustat elnät i hela landet som förutsättning för att fördubbla den utsläppsfria elproduktionen. Att avskaffa lagen om särskilt investeringsutrymme, inklusive möjligheten att föra över underskott mellan tillsynsperioder, minskar utrymmet för just de nätinvesteringarna. Planens omsorg om hushållens kostnader talar emot, varför säkerheten är låg.
- expanded power griddecisive»Vi vill fördubbla produktionen av utsläppsfri el, och rusta och bygga ut elnätet.« (2022 manifesto ↗)“We want to double the production of emissions-free electricity, and upgrade and expand the power grid.”
- predictable rules»Ekonomin ska ha givna och förutsägbara spelregler« (party programme ↗)“The economy should have clear and predictable rules”
- equivalent conditions throughout the country»Alla delar av landet ska ges likvärdiga förutsättningar för utveckling och tillväxt.« (party programme ↗)“All parts of the country should be given equivalent conditions for development and growth.”
- lower prices through competition»Genom att skapa friare marknader och förbättra konkurrensen kan vi dämpa priserna ytterligare.« (2022 manifesto ↗)“By creating freer markets and improving competition, we can further reduce prices.”
The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.
The counter-proposal wants to abolish the special investment allocation for electricity network operations.
Plan documents: 2022 manifesto · party programme
Reasoning and quotes
The counter-proposal wants to abolish the special investment allocation for electricity network operations. The plan's stated priority is conversely that the power system is expanded and transmission is improved throughout the country, which requires room for grid investments. The plan's concern for households' electricity costs does indeed speak partly for the counter-proposal, but the investment commitment weighs more heavily in this particular issue.
Original (Swedish)
Motförslaget vill avskaffa det särskilda investeringsutrymmet för elnätsverksamhet. Planens uttalade prioritering är tvärtom att kraftsystemet byggs ut och att överföringen förbättras i hela landet, vilket förutsätter utrymme för nätinvesteringar. Planens omsorg om hushållens elkostnader talar visserligen delvis för motförslaget, men investeringsåtagandet väger tyngre i just den här frågan.
- investments in the power systemdecisive»Ska vi få ner elpriserna krävs att vi bygger inte bara kärnkraft utan också mer sol- och vindkraft i hela landet, investerar i kraftsystemet och satsar på energilagring.« (2022 manifesto ↗)“To get electricity prices down, we need to build not only nuclear power but also more solar and wind power throughout the country, invest in the power system, and invest in energy storage.”
- expanded transmission network»en autobahn för all ny grön el som förbättrar överföringen i hela Sverige« (2022 manifesto ↗)“a superhighway for all new green electricity that improves transmission throughout Sweden”
- lower electricity costs for households»Vi vill både sänka elmomsen och den särskilda extraskatten på el för att mildra elprischocken här och nu.« (2022 manifesto ↗)“We want both to reduce the electricity VAT and the special electricity extra tax to ease the electricity price shock here and now.”
- infrastructure investments»Sverige behöver fortsatt stora investeringar i infrastruktur.« (party programme ↗)“Sweden needs continued large infrastructure investments.”
The plan demands that transmission capacity within Sweden and to other countries is well developed and that the energy system rests on long-term investments and fixed rules.
Plan documents: party programme · 2022 manifesto
Reasoning and quotes
The plan demands that transmission capacity within Sweden and to other countries is well developed and that the energy system rests on long-term investments and fixed rules. Abolishing the law on special investment scope, which exists to enable network investments, pulls in the opposite direction. The plan's concern for household electricity costs speaks in favour of the counter-proposal, but the investment commitment weighs more in precisely this question.
Original (Swedish)
Planen kräver att överföringskapaciteten inom Sverige och till andra länder är väl utbyggd och att energisystemet vilar på långsiktiga investeringar och fasta spelregler. Att avskaffa lagen om särskilt investeringsutrymme, som finns för att möjliggöra nätinvesteringar, drar åt motsatt håll. Planens omsorg om hushållens elkostnader talar visserligen för motförslaget, men investeringsåtagandet väger tyngre i just denna fråga.
- developed transmission capacitydecisive»Ett väl fungerande energisystem kräver att överföringskapaciteten inom Sverige och till« (party programme ↗)“A well-functioning energy system requires that transmission capacity within Sweden and to”
- long-term energy investments»krävs långsiktiga investeringar och att stora satsningar görs på energiforskning och« (party programme ↗)“requires long-term investments and that major investments are made in energy research and”
- fixed rules in energy policy»Sveriges energiförsörjning ska tryggas genom långsiktig energipolitik med fasta spelregler.« (party programme ↗)“Sweden's energy supply shall be secured through long-term energy policy with fixed rules.”
- protect households against electricity costs»Inför en “stötdämpare” i elskatten så att den sänks om elpriserna ökar.« (2022 manifesto ↗)“Introduce a 'shock absorber' in electricity tax so that it is lowered if electricity prices rise.”
The plan commits to investing in the Swedish electricity grid and to shortening permit processes for grid expansion, since electricity needs more than double by 2045.
Plan documents: 2022 manifesto
Reasoning and quotes
The plan commits to investing in the Swedish electricity grid and to shortening permit processes for grid expansion, since electricity needs more than double by 2045. Abolishing the special investment space for grid activities reduces space for exactly these investments. The plan's concern for households' electricity costs speaks the other way, but the investment need weighs more heavily.
Original (Swedish)
Planen åtar sig att investera i det svenska elnätet och att korta tillståndsprocesserna för elnätsutbyggnad, eftersom elbehovet mer än fördubblas fram till 2045. Att avskaffa det särskilda investeringsutrymmet för elnätsverksamhet minskar utrymmet för just dessa investeringar. Planens omsorg om hushållens elkostnader talar åt andra hållet, men investeringsbehovet väger tyngre.
- expanded electricity griddecisive»Investera i det svenska elnätet och korta tillståndsprocesserna för elnätsutbyggnad« (2022 manifesto ↗)“Invest in the Swedish electricity grid and shorten permit processes for grid expansion”
- sharply rising electricity demand»Fram till 2045 kommer Sveriges elbehov mer än fördubblas.« (2022 manifesto ↗)“By 2045, Sweden's electricity needs will more than double.”
- stable electricity system»Upphandla kraftproduktion som stärker stabiliteten« (2022 manifesto ↗)“Procure power generation that strengthens stability”
- households' electricity costs»Du ska ha råd med elräkningen – vi ska omedelbart sänka elpriserna« (2022 manifesto ↗)“You should be able to afford your electricity bill – we shall immediately lower electricity prices”
The plan's core commitment in the electricity sector is to ensure households and businesses have access to reliable and affordable electricity at reasonable prices, and the party wants to reduce the tax on electrical energy permanently.
Plan documents: 2022 manifesto
Reasoning and quotes
The plan's core commitment in the electricity sector is to ensure households and businesses have access to reliable and affordable electricity at reasonable prices, and the party wants to reduce the tax on electrical energy permanently. The counter-proposal's demand to repeal a law that, according to the proposal, drives up network costs without corresponding benefit is in line with that prioritisation. At the same time, the plan wants to accelerate electricity network expansion, which pulls in the opposite direction, which is why the support is weakly grounded.
Original (Swedish)
Planens bärande åtagande på elområdet är att hushåll och företag ska ha tillgång till pålitlig och billig el till rimliga priser, och partiet vill sänka skatten på elenergi permanent. Motförslagets krav att avskaffa en lag som enligt förslaget driver upp nätkostnaderna utan motsvarande nytta ligger i linje med den prioriteringen. Samtidigt vill planen påskynda elnätsutbyggnaden, vilket drar åt motsatt håll, varför stödet är svagt underbyggt.
- affordable and reliable electricitydecisive»Säkra tillgången till pålitlig och billig el genom satsningar på framtidens kärnkraft.« (2022 manifesto ↗)“Secure access to reliable and affordable electricity through investments in future nuclear power.”
- reasonable electricity prices for industry»El behövs året runt till rimliga priser.« (2022 manifesto ↗)“Electricity is needed year-round at reasonable prices.”
- lower electricity costs for households»Sänka skatten på elenergi permanent för att underlätta elektrifieringen« (2022 manifesto ↗)“Reduce the tax on electrical energy permanently to facilitate electrification”
- faster electricity network expansion»Effektivisera och öka förutsägbarheten i tillståndsprocesserna för gruvnäring, elnätsutbyggnad och industri« (2022 manifesto ↗)“Streamline and increase predictability in permit processes for mining, electricity network expansion and industry”
The plan takes no explicit position on what the committee actually decided — often because the committee's reason was procedural. The stance is derived and fully cited, but it does not show the party broke a commitment.
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Sources and documents
- The committee report on riksdagen.se (2025/26:NU10)
- Committee report full text (HD01NU10)
- Per-MP voting data (API)
- Case status (API)
Documents under consideration
- Motion 2025/26:3816 — med anledning av prop. 2025/26:26 Regelverket för framtidens el- och gasnät av Fredrik Olovsson m.fl. (S)
- Motion 2025/26:3823 — med anledning av prop. 2025/26:26 Regelverket för framtidens el- och gasnät av Rickard Nordin (C)
- Proposition 2025/26:26 — Regelverket för framtidens el- och gasnät
Source: The Swedish Parliament