German life extension agreed

30 September 2010

Angela Merkel's cabinet has approved a new energy plan that extends a deadline to shut down nuclear reactors. But the decision comes at a cost to nuclear utilities, as the state will collect over 50% of the profit from longer operation.

E.ON, which operates six of Germany’s 17 nuclear reactors, said: “This will pose a considerable challenge for nuclear operators. In the interest of an energy consensus, E.ON and the other operators have accepted these government demands and support the establishment of a fund to develop innovative energy technologies.”

Nuclear utilities will be required to pay EUR 300 million into this so-called ‘renewables fund’ in 2011 & 2012, and EUR 200 million annually thereafter.

In addition, there will be a EUR 2.3 billion nuclear tax, set at EUR 145/g uranium, which will run for six years. After 2017, utilities will also have to pay a cEUR 9/MWh charge on nuclear output.

The new German energy strategy also includes plans to reduce greenhouse gas emissions by at least 80% and to generate 60% of its power from renewables by 2050.


Related Articles
Novovoronezh 3 begins PLEX
New life of Novovoronezh 3



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.