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.

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