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WorldAsiaWill the price of electricity increase after Germany abandons nuclear power?

Will the price of electricity increase after Germany abandons nuclear power?

– Published on:

The nuclear age in Germany is coming to an end: the last three nuclear power plants are off the grid. Thus, the exit from nuclear power, which the federal government under Chancellor Angela Merkel obtained in 2011, is over.

Until recently, there was still a debate about whether Germany should continue to exploit nuclear energy in connection with the conflict in Ukraine. One of the main concerns is that energy prices could tend to rise. According to a representative survey commissioned by Civey for t-online broadcasts, this issue worries many citizens.

A significant part of Germans – 72%, more than before, are worried about rising energy prices due to the abandonment of nuclear energy. For 13% the excitement remained at the same level, while for 14% it decreased.

The feeling is particularly strong among supporters of the CDU/CSU (93% are more worried), the AfD (99%) and the FDP (86%). Among supporters of the SPD and the Left Party, the proportion of those who are seriously interested in this issue is about the same – 46% and 45%, respectively.

Estimates among supporters of the anti-nuclear party, the Greens, vary widely. Only 18% are worried about rising electricity prices, while 48% are much less worried. Just under a third of those questioned do not change their assessment of the rejection of nuclear power – a value similar to that of the SPD and Die Linke.

The score also differs between East Germany and West Germany. While 70% of respondents in the West are more anxious, in the East this figure is around 80%. On the contrary, 15% of Germans in the West do not worry too much about it, while in the East this figure is only 9%.

Only a minor effect

A few months ago, economist Veronica Grimm argued that the remaining nuclear plants would have to be in operation for at least five years to keep the price of electricity at a moderate level.

However, analytical studies, including those of the consulting firm Afry, show that the continued operation of nuclear power plants could lower the price of electricity. But, according to energy experts, the savings are unlikely to be noticeable, at least for the end consumer.

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