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Nuke shutdown could boost energy profits

The Local · 16 Apr 2011, 14:37

Published: 16 Apr 2011 14:37 GMT+02:00

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The statement was based on a scenario in which Germany turns off its older nuclear power stations. The resulting shortfall in supply would push up electricity prices for the consumer.

It would also give those coal power stations that are currently not working at full capacity an opportunity to increase their output.

According to a report published in news magazine Der Spiegel, the scenario shows that the extra profits generated in this way would, in the long term, more than make up for losses incurred by turning off the nuclear power station Biblis, operated by RWE.

This is especially true because the German government's tax on nuclear fuel is already squeezing nuclear power profits.

An RWE spokesman said such a scenario was possible, but it was not certain that prices would necessarily rise. He said electricity could just as easily be imported from abroad, negating the shortfall in supply.

He added that the government's current moratorium on whether to extend nuclear power was costing RWE huge amounts of money in the short term.

Story continues below…

DAPD/The Local/bk

The Local (news@thelocal.de)

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Your comments about this article

03:54 April 17, 2011 by BigBilly
Those are really pretty pylons.
12:35 April 17, 2011 by narfmaster
Right, that's why you should move in right next door so you can see them everyday.
12:30 April 18, 2011 by tallady
Really, coal with all that hydrogen sulfide changing into sulfuric acid and raining down on us or maybe they have removed the hydrogen sulfide. How about it all you energy experts out there?
14:18 April 18, 2011 by Gretl
@tallady - Is there an energy source that doesn't have it's downside? I am not a proponent on coal, however, I do think it is better than nuclear. Even "green" energy has issues: hydroelectric has ruined fish habitat and nearly demolished the Pacific NW salmon; wind turbine is killing birds and bats. Will industrial-level solar be absolutely clean or will there be liquid sodium be the target of terrorists or will there be habitat issues there as well?
15:04 April 18, 2011 by trash head
Geothermal ...
17:41 April 18, 2011 by tallady
No, there is a negative factor with all, it amounts to lesser of the evils .

I do remember buying a car in N.H> years ago and when it arrived at the dealer there were pock marks all over the roof ,from the sulfuric acid .
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