Extension of power plant operation eases pressure on prices

30.06.08 - 20:51 ... source : RWE

... Benefits for both residential customers and industryOpportunities to promote renewable energies, energy efficiency and researchThe RWE Executive Board and Works Council appreciate the willingness policymakers have shown to take up a discussion on delaying the phaseout of nuclear energy. This would spell the end of the special path Germany has embarked upon to date. Taking the step of extending nuclear power plant operation by 25 years to the commonly accepted international period of 50 to 60 years could yield additional economic value of €250 billion. This is equivalent to €3,000 per German citizen. At the same time, the extension would have the effect of cushioning pressure on prices, helping the domestic industry to maintain its competitiveness and thus strengthening Germany as production location; this is an effect that is not yet included in the figure above. Added to this are substantial benefits for environ ...» Next (HTML)