A new tax for nuclear energy in Germany

19/07/2010 08:35 Electricity Market

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German parliament proposed the introduction of a new tax on nuclear energy. The tax would constitute 220 euros/gramme of nuclear fuel, and it would rise as long as plants will continue operating.

This tax is expected to raise over 2.3 billion euro in 3 years, a substantial aid to the German budget deficit. Some of these funds will go to the development of renewable projects. The affected German companies, like E.ON, RWEA, Vatenfall Europe, EnBW, expressed concerns about the companies’ capacity to deal with these expenses. Some of them declared that they would have to sell some of their assets and to stop some investment projects. The tax wouldn’t probably significantly influence the prices for the consumers.

Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17:00

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

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Mongolia exports 32.3 million tons of coal as of first ten months

12/11/2019 10:35:00

Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.

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NTT to spend 600 billion yen on own grids for power business

12/11/2019 10:25:00

Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.

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