> Because Sweden's clean energy capacity is fixed
By what?
You're treating electricity as a globally-tradable good. It's not.
By what?
You're treating electricity as a globally-tradable good. It's not.
1. Hydropower 40%
2. Nuclear 27%
3. Wind 22%
https://ourworldindata.org/profile/energy/sweden#what-source...
No, electricity is categorically not. Exhibit A for this is persistent regional variation in unlevered pre-tax prices. Even in well-integrated power markets, only a fraction of electricity is listed, and that's before we get to off-grid power.