City
Epaper

Extending lifetime of German nuke plants would lower electricity prices

By IANS | Updated: September 15, 2022 11:25 IST

Berlin, Sep 15 Extending the lifetime of Germany's remaining three nuclear power plants would reduce the price of ...

Open in App

Berlin, Sep 15 Extending the lifetime of Germany's remaining three nuclear power plants would reduce the price of electricity by 4 per cent in 2023, according to the ifo Institute for Economic Research.

The nuclear power plants could provide around 4 per cent of Germany's electricity demand, the Institute said.

At the same time, the share of natural gas in power generation would decline from 8.3 per cent to 7.6 per cent, Xinhua news agency reported citing ifo as saying.

However, extending the lives of the nuclear plants is "not a 1:1 replacement for natural gas", said ifo electricity expert Mathias Mier.

With the availability of natural gas this coming winter still unknown, it could "make sense to keep the option of nuclear power open beyond a crisis-related, short-term lifetime extension next year", the Institute said.

Despite soaring prices for gas and electricity, Minister for Economic Affairs Robert Habeck has said he only plans to keep two nuclear power plants on standby as an emergency option until April 2023.

Since the end of August, no gas has been flowing from Russia to Germany via the important Nord Stream 1 pipeline.

After maintenance work, gas deliveries were suspended due to faults at the Potovaya compressor station, according to Germany's Federal Network Agency (BNetzA).

Under former Chancellor Angela Merkel, Germany accelerated its nuclear phase-out after the Fukushima disaster in 2011.

The country's nuclear power plants are still scheduled to be taken off the grid by the end of the year at the latest, and Habeck has said the phase-out will not be reversed.

"Nuclear power is and continues to be a high-risk technology, and the highly radioactive waste will be a problem for many future generations," he said.

Only 12 per cent of Germans support the completion of the phase-out as planned by the end of this year, according to a survey published by public broadcaster ZDF.

As the energy crisis worsens, a majority wants to keep the country's remaining nuclear power plants running.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Mathias mierGermanyAngela MerkelBerlinInstituteGult newsIfo institute for economic research
Open in App

Related Stories

HealthDr. Nitish Dubey’s Burnett Homeopathy Hosts Historic World Homeopathy Summit 3 During World Homeopathy Week in Germany

InternationalGermany: One Killed, Several Injured After Car Hits Protesters Munich; Driver Arrested (Watch Video)

Social ViralCat ‘Hijacks’ Flight to Germany For Two Days After Refusing to Leave Plane

InternationalGermany Christmas Market Attack: CCTV Video Shows BMW Car Rams Into Crowd in Magdeburg, Killing 2, Injuring 60

NationalPM Modi Emphasizes the Importance of India-Germany Defense Ties for Mutual Trust

Politics Realted Stories

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill

NationalParliament Passes Waqf Amendment Bill: Two JDU Leaders Resign Over Party's Support