Las Nucleares Power Plants Threaten A Cessation Of Activity At All Plants

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The Spanish Nuclear Industry Forum has expressed this Tuesday its rejection of the bill on the remuneration of CO2 not emitted from the electricity market and the Royal Decree-Law approved by the Council of Ministers on Tuesday to reduce the price of electricity, and has ensured that its application could result “in the cessation of the activity of the entire nuclear park.”

The nuclear companies maintain, in a statement, that these measures “go even further into penalizing nuclear power generation” and ask that, if the bill is approved, it not be applied retroactively.

For this sector, the real sale price of nuclear power generation, once the price of CO2 has been reduced, should remain around 57 or 60 euros / MWh, taking into account the current tax level.

The Nuclear Forum has regretted that the Spanish nuclear park supports an “excessive fiscal pressure” , which together with the new measures of the Executive, can lead to the “economic-financial unviability” and the consequent “early cessation of the activity”. In addition, they recall that the sector plans to make an investment of 3,000 million euros until the end of the operation of the nuclear park in 2035.

The president of the Nuclear Forum, Ignacio Araluce, has stated that this early termination would cause “a disorderly closure of nuclear generation” and “the consequent loss of jobs and industrial fabric.”

In his opinion, if nuclear power plants are doomed to this situation, the country would have a greater dependence on foreign energy and there will be an increase in price volatility in the wholesale market, and it would prevent the fulfillment of the objectives of the Integrated National Energy Plan. and Climate 2021-2030 (PNIEC).

The bill aims to reduce the price of CO2 for the remuneration of facilities that have been operating since before October 25, 2003, before the European Union (EU) established the market for CO2 emission rights.

Nuclear plants have recalled that they work with authorizations that are periodically renewed , some of them recently granted and in accordance with the criteria for the allocation of emission rights established by the EU.

The Government has presented this Tuesday in the Council of Ministers a battery of measures to combat the continuous increases in the price of electricity and lower the bill by an average of 30% per month until the end of the year.

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