Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272141 
Authors: 
Year of Publication: 
2022
Citation: 
[Journal:] EconPol Forum [ISSN:] 2752-1184 [Volume:] 23 [Issue:] 6 [Year:] 2022 [Pages:] 16-22
Publisher: 
CESifo GmbH, Munich
Abstract: 
Nuclear stretching operation in Germany until April 15, 2023 brings down German (European) power prices by 6.01 percent (1.51 percent) until April 15, 2023 and by 2.98 percent (0.65 percent) in 2023, saving 4.8 TWH (8.6 TWh) of natural gas and 3.3 Mt (4.5 Mt) of CO2 emissions in 2023. Nuclear extension in Germany until 2029 would bring down German (European) power prices by 7.31 percent (1.79 percent) in 2023 and 2.95 percent (0.92 percent) in 2024, saving around 6.6 TWh (12.9 TWh) of natural gas and 13.3 Mt (17.8 Mt) of CO2 emissions in 2023. Reduced 2022 hydropower generation and reduced 2022 French nuclear availability contributes 2.21 percent (32.3 percent) to 2022 German (European) electricity price increases. Windfall tax is preferred to the revenue cap for "inframarginal" generators suggested by the European Commission
Document Type: 
Article

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