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European electricity association bemoans lack of competitiveness of nuclear energy

nukes-sad-Organizations call for positive EU leadership on nuclear, World Nuclear News, 08 April 2016  European electricity association Eurelectric has welcomed the European Commission’s recently published Nuclear Illustrative Program (PINC), but expressed regrets at its failure to address the issue of premature reactor closures due to market conditions. European nuclear industry association Foratom also called on the PINC to address the impact of market conditions on nuclear investments……..

 the organization’s secretary general, Hans ten Berge, said yesterday. “We however regret that the PINC document does not address the competitiveness of existing and technically well-functioning nuclear reactors, which, in some countries, are being forced to shut down due to the difficult market situation and distortive national policy measures,” he added.

The EC is mandated by the Euratom Treaty to issue periodically a new PINC report to indicate targets for nuclear production and the investments that will be needed to attain them. The latest report found that investment of between €350 billion ($399 billion) and €450 billion will be required over the next 35 years to maintain EU nuclear generating capacity at between 95 and 105 GWe. It is the first PINC to be published since the 2011 accident at the Fukushima Daiichi plant in Japan and includes investments related to post-Fukushima upgrades and the safe operation of existing nuclear facilities as well as new capacity…….

Eurelectric’s policy paper also called for an “improved regulatory framework” to help facilitate investment, and said Europe must find market-based solutions to reduce the investment risks associated with capital-intensive low-carbon energy projects including nuclear……… http://www.world-nuclear-news.org/NP-Organizations-call-for-positive-EU-leadership-on-nuclear-0804167.html

April 8, 2016 - Posted by | business and costs, EUROPE

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