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Energy market impacts of nuclear power phase-out policies

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  • Solveig Glomsrød
  • Taoyuan Wei
  • Torben Mideksa
  • Bjørn Samset

Abstract

Since the Fukushima disaster in Japan in March 2011, safety concerns have escalated and policies toward nuclear power are being reconsidered in several countries. This article presents a study of the upward pressure on regional electricity prices from nuclear power phase out in four scenarios with various levels of ambition to scale down the nuclear power industry. We use a global general equilibrium model to calculate regional electricity prices that are matching demand with the constrained power supply after the nuclear power phase out. Nuclear power exit in Germany and Switzerland might increase electricity prices in Europe moderately by 2–3 % early on to 4–5 % by 2035 if transmission capacity within the region is sufficient. In a gradual and comprehensive phase out of plants built before 2011, North America, Europe, and Japan face an upward pressure on electricity prices in the range of 23–28 % towards 2035, representing the incentives for further investments in any kind of electricity. Copyright Springer Science+Business Media Dordrecht 2015

Suggested Citation

  • Solveig Glomsrød & Taoyuan Wei & Torben Mideksa & Bjørn Samset, 2015. "Energy market impacts of nuclear power phase-out policies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(8), pages 1511-1527, December.
    • Handle: RePEc:spr:masfgc:v:20:y:2015:i:8:p:1511-1527
    DOI: 10.1007/s11027-014-9558-3
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    References listed on IDEAS

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    1. Zimmermann, Florian & Keles, Dogan, 2023. "State or market: Investments in new nuclear power plants in France and their domestic and cross-border effects," Energy Policy, Elsevier, vol. 173(C).
    2. Jacques Percebois & Stanislas Pommeret, 2021. "What can be learned from the French partial nuclear shutdown of 2016?," ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, FrancoAngeli Editore, vol. 2021(1), pages 5-19.
    3. Yang Liu & Taoyuan Wei, 2016. "Linking the emissions trading schemes of Europe and China - Combining climate and energy policy instruments," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 21(2), pages 135-151, February.
    4. Zimmermann, Florian & Keles, Dogan, 2022. "State or market: Investments in new nuclear power plants in France and their domestic and cross-border effects," Working Paper Series in Production and Energy 64, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).

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