nuclear-news

Switzerland’s revised nuclear liability law makes things much more expensive for nuclear companies

Switzerland revises nuclear liability law World Nuclear News, 30 Mar 15 Switzerland’s government has adopted a total revision of the federal ordinance on civil nuclear liability. The ordinance governs the enforcement of the country’s new civil nuclear liability law, which was passed by parliament in 2008 but has yet to come into force.

The Federal Council adopted a revision of the ordinance on 25 March, the Swiss Federal Energy Office (SFOE) announced. Under the revision, the minimum coverage to be provided at the national level increased from CHF 1 billion ($1 billion) to €1.2 billion ($1.3 billion), which corresponds to provisions of international civil liability……

SFOE said the revision also simplifies the compensation procedure, improving the protection of Swiss victims in the event of a nuclear incident occurring abroad. It said that in such cases, the conditions for compensation and procedural provisions that would apply to Switzerland would be the same as for all other signatory states to the Paris Convention on Third Party Liability and the Brussels Supplementary Convention……

the revised ordinance “burdens the owners of nuclear facilities by the end of the term with unnecessary additional premium costs.”

The organization claims the revision means that operators of nuclear facilities will not only have to pay for insurance cover for their plants, but also separate coverage for each transportation of even low-level material. This, it says, “reduces the international competitiveness of the Swiss electricity industry once more.” http://www.world-nuclear-news.org/NP-Switzerland-revises-nuclear-liability-law-3003154.html?utm_source=twitterfeed&utm_medium=twitter

April 1, 2015 - Posted by Christina Macpherson | business and costs, Switzerland