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Vattenfall: households will pay for green power

The Local · 3 Jul 2012, 10:04

Published: 03 Jul 2012 10:04 GMT+02:00

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"The electricity bill for private customers will be 30 percent higher in 2020 than it is today," Vattenfall Europe chief Tuomo Hatakka told the Frankfurter Allgemeine Zeitung newspaper in an interview.

By contrast, the wholesale price of electricity "will not increase significantly," Hatakka said.

Private customers will have to foot the bill for the investments needed to switch to renewable sources of energy and the related network infrastructures, he argued.

Germany has decided to pull out of nuclear power, and brought the date forward to 2021 in the wake of the Fukushima disaster in Japan – while also reducing its dependence on fossil fuels.

The aim is to meet 35 percent of German energy demand with renewable sources such as solar and wind by 2020 (compared with 20 percent at present) and as much as 80 percent by 2050.

Like Germany's biggest power suppliers, E.ON and RWE, Vattenfall Europe is considering suing the German government for damages over the decision to abandon nuclear power, Hatakka said.

The country's biggest power utility E.ON alone wants at least €8.0 billion, after Berlin forced energy suppliers to shut down their profitable large-scale power plants and also levied a tax on the reactors' fuel for their remaining lifespan.

Both E.ON and its next biggest rival RWE have already filed complaints with the constitutional court, arguing that the nuclear exit decision has harmed their proprietary rights as they had to shut down reactors early.

"If appropriate compensation is necessary, then we will file a suit too," the Vattenfall Europe chief said.

Story continues below…

"We respect Germany's decision to pull out of nuclear energy. But we expect fair compensation for the damages we've suffered from the decision," he said.

AFP/The Local/hc

The Local (news@thelocal.de)

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Your comments about this article

10:55 July 3, 2012 by Bigfoot76
"we expect fair compensation for the damages we've suffered from the decision"

The Environment expects compensation for the damages it has suffered and will continue to suffer for thousands of years due to storage and spills of nuclear waste and any past or future meltdowns.
11:17 July 3, 2012 by HansT
Thank you, Bigfoot,

You've pretty well made it clear why normal people consider environmental true believers to be complete and utter fools, unconcerned about the real-world effects of their green-religious dogma.
11:22 July 3, 2012 by William Thirteen
i am happy to pay a premium in order to preserve this planet as best as we can for the coming generations. it seems odd to me, however, for Vattenfall's chief to portray his failure to judge his business and customer climate correctly as 'damages suffered from the decision'.
11:38 July 3, 2012 by ChrisRea
We already switched to a "green electricity" provider for more than a year. It is a bit more, but not much.
12:11 July 3, 2012 by Bigfoot76
HansT...Assumptions are dangerous. Almost as if I were to assume based on your comment that not only are you American, you vote Republican too.
13:33 July 3, 2012 by OkieinBerlin
Thank you, HansT, your comment makes clear why "normal" people consider anti-environmental reactionaries to be complete and utter fools, unconcerned about the real-world effects of their money-is-everything, profit-worshipping religious dogma.
13:41 July 3, 2012 by Floriansamsel
Vattenfall & Co are sooooo clever.

They just use "green energy" as a scapegoat and good excuse for the forcing up of prices and "normal people" like you, HansT, believe this nonsense.

Can't you see that prices have been rising all the time and they will continue to do so - with or without green energy, with or without nuclear power plants.
14:25 July 3, 2012 by Wobinidan
Well managed nuclear power is safe and cheap. I used to be anti-nuclear until the fukushima disaster happened, and then after doing lots of reading and using my brain instead of my emotional instinct, I realised that it's really very safe indeed. There are also new forms of nuclear energy which are potentially much safer, but need investment.
17:08 July 3, 2012 by Leo Strauss

Well managed nuclear power is safe and cheap.

You are so right. The problem is, can humans really be trusted to administer nuclear power responsibly? The greed and criminal negligence of TEPCO and General Electric insured that the Fukushima disaster was pre-programmed. Can our corporate system be trusted to run this type of energy? I don`t think so, but where is the alternative?

Not to mention times of societal collapse and unrest. Think about all of the technicians and engineers who operated the Soviet reactors for months without pay after the USSR collapsed. Would the same thing happen in the US?

Or the years of maintenance and oversight that are required to shut down one of these plants. No profit in that, but it has to be done... assuming someone is there to do it.

The Stuxnet virus?

Nuclear reactors as targets in war? :(

I just don`t think that our species is up to it.

I am not a Green Nazi. Agenda 21- no thank you. I put people first, but we may yet not survive Fukushima- to say nothing of the next nuclear catastrophe.
15:11 July 4, 2012 by catjones
Leo Strauss...get invited to parties much?
22:56 July 4, 2012 by Leo Strauss
@the cat

Sorry cat, I dug deeply into my gag books trying to find something funny amusing for you regarding Fukushima and the perils nuclear energy but came up empty...anyway, you`re right- I gotta chill.

By the way, is that a back-handed invitation? ;)
17:17 July 5, 2012 by raandy
I am all for non nuclear power generation, hopefully this will not result in increased fossil fuel consumption, LNG thru Gas Prom will play a big part in this if we do not have a political fallout with Czar Putin, the present leaders are renowned for cutting off your supply when there are issues they are not in favor of/.

I do not believe a plan is in place to make up the shortages that are sure to result in shutting down 20 or so nuke plants.

Buying nuke generated power from France and possibly Poland in the future makes Germany an enabler. The decision should also prohibit buying nuclear generated power from outside the country.
18:01 July 9, 2012 by neunElf
The proponents of "alternative energy" are very religious in their belief of something for nothing.

If the numbers don't add up it's all a conspiracy by big business.

Scientific fact doesn't seem to factor into their dogma, it's all about irrational fear.
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