Germany | Nuclear Power Plant Operators Can Expect Profits To Unexpectedly Be EUR 7.9 Billion Higher This Year Due To High Natural Gas Prices
Ifo | Extending the operating lives of Germany’s three nuclear power plants would reduce the German electricity price by 4 percent next year, according to calculations by the ifo Institute. The nuclear power plants would generate about 4 percent of Germany’s electricity. However, the share of natural gas in power generation would drop only from 8.3 percent to 7.6 percent. “This is because nuclear power isn’t a 1:1 replacement for…