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Nucs down in Germany--Prices up in Europe?

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  • Bode, Sven

Abstract

Current legislation on power production from nuclear energy in Germany defines certain remaining quantities of permitted electricity production for nuclear power plants. These quantities are defined for each nuclear power plant and are measured in TWh. In the discussion about climate protection and market trend of electricity prices, it is regularly stated by policy makers that the nuclear phase-out will result in an increase in electricity prices and CO2 emissions. As a consequence a revision is proposed, especially from the Liberals (FDP) and Conservatives (CDU). The following article discusses this issue analysing the different options investors and operators under different scenarios have. It shows firstly that both emissions and power prices can indeed increase, and secondly that the mere discussion about potentially reversing the phasing-out decision can lead to an increase in electricity prices as investment behaviour may change based on expectations regarding future regulation. I conclude that - ceteris paribus - the nuclear phase-out is likely to result in an increase in CO2 emissions and prices.

Suggested Citation

  • Bode, Sven, 2009. "Nucs down in Germany--Prices up in Europe?," Energy Policy, Elsevier, vol. 37(7), pages 2492-2497, July.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:7:p:2492-2497
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    References listed on IDEAS

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    1. Bode, Sven, 2006. "Long-term greenhouse gas emission reductions--what's possible, what's necessary?," Energy Policy, Elsevier, vol. 34(9), pages 971-974, June.
    2. Bode, Sven & Hübl, Lothar & Schaffner, Joey & Twelemann, Sven, 2005. "Discrimination against Newcomers: Impacts of the German Emission Trading Regime on the Electricity Sector," Hannover Economic Papers (HEP) dp-316, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
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    Cited by:

    1. Ozan Korkmaz & Bihrat Önöz, 2022. "Modelling the Potential Impacts of Nuclear Energy and Renewables in the Turkish Energy System," Energies, MDPI, vol. 15(4), pages 1-25, February.
    2. Bruninx, Kenneth & Madzharov, Darin & Delarue, Erik & D'haeseleer, William, 2013. "Impact of the German nuclear phase-out on Europe's electricity generation—A comprehensive study," Energy Policy, Elsevier, vol. 60(C), pages 251-261.
    3. Pahle, Michael, 2010. "Germany's dash for coal: Exploring drivers and factors," Energy Policy, Elsevier, vol. 38(7), pages 3431-3442, July.

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    More about this item

    Keywords

    Nuclear energy CO2 emissions Energy policy in Germany;

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