Climate Changed
Germans May Face Higher Power Costs on Exit From Nuclear Energy
- Last reactor to shut 2022, potentially leaving power gap
- Grid stability steps may push up power bills says regulator
1494252204_germany-nuclear
This article is for subscribers only.
Germans already footing the second-highest electricity bills in Europe may face even higher costs from the country’s decision to exit nuclear power early next decade.
While there’s no risk of blackouts, costs could rise if transmission gaps emerge, according to Germany’s Bnetza regulator. Europe’s biggest power market is closing its last atomic plants in 2022 and is counting on a mix of mothballed lignite plants, wind and solar power expansion and grid stability measures to keep outages down.