Dampener for expensive electricity prices: Experts surprise with nuclear power plant statement
Expensive electricity prices are causing problems for Germans. Suddenly, a technology comes into focus that was actually on the sidelines in this country: nuclear power. Experts have now calculated how much longer nuclear power plant running times could depress the price of electricity. The numbers speak for themselves.
The end of nuclear power in Germany was actually already sealed: the last three remaining nuclear power plants were to be shut down by December 31st. However, the Russian war of aggression in Ukraine put a spanner in the works: Two of the three nuclear power plants in this country are to be put into operation to ensure energy security in Germany. But that doesn’t change the high electricity prices. How much one AKW runtime extension lower electricity prices for consumers experts have now calculated.
Longer nuclear power plant running times would depress electricity prices noticeably
If the three remaining nuclear power plants were to continue to run, the price of electricity could be significantly reduced in the coming years. Economists from the Friedrich-Alexander-University Erlangen-Nuremberg around the economist Veronika Grimm come to this conclusion. In 2024, the electricity price would be up to 12.1 percent lowerif the nuclear power plants in Lower Saxony (Emsland), Baden-Württemberg (Neckarwestheim 2) and Bavaria (Isar 2) would continue to operate (source: World).
The economists have designed several scenarios that include different factors and some go beyond 2024. Depending on the scenario, the dampening effect of nuclear power on the electricity price is sometimes more, sometimes less. By 2027, the faster expansion of renewable energies would have an even greater effect. In the short term (until 2024), however, the continued operation of nuclear power will bring the most.
With a balcony power plant, the electricity bill can be reduced:
German majority for further nuclear power plant operation
“We do not analyze the costs of the risks,” says Grimm, who is also significantly involved in the upcoming gas price brake. “Politics must weigh the costs and benefits.”
In fact, economics addresses the biggest sticking point here. Whether and to what extent the German nuclear power plants will continue to operate is a highly political question – and one that should cause quite a stir among the traffic light partners. The Germans are now more relaxed: 67 percentaccording to a survey by Civey, recently spoke out in favor of the to leave the three remaining German nuclear power plants in operation for another five years (Source: mirror)
