|Your personal background.|
| STOCKHOLM, Oct 27 (Reuters) |
- Sweden's national power grid operator proposed on Thursday that the government spend 55
billion Swedish crowns ($5.05 billion) on subsidies to households and businesses hit by unusually high energy costs.
"Fifty-five billion crowns is the sum that we deem suitable to pay in the current year," Svenska Kraftnat Chief Executive Lotta Medelius-Bredhe
told a news conference.
The grid operator's
proposal will need approval by the Swedish Energy Markets Inspectorate before it can be implemented by the government.
($1 = 10.8834 Swedish crowns) (Reporting by Anna Ringstrom, editing
by Terje Solsvik)
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