University of bielefeld, University in Bielefeld, Germany

Berlin, Sep 15 Extending the lifetime of Germany's remaining three nuclear power plants would reduce the price of electricity by 4 per cent in 2023, according to the ifo Institute for Economic Research.The nuclear power plants could provide around 4 per cent of Germany's electricity demand, the Institute said.At the same time, the share of natural gas in power generation would decline from 8.3 per cent to 7.6 per cent, Xinhua news agency reported citing ifo as saying.However, extending the lives of the nuclear plants is "not a 1:1 replacement for natural gas", said ifo electricity expert Mathias Mier.With the availability of natural gas this coming winter still unknown, it could "make sense to keep the option of nuclear power open beyond a crisis-related, short-term lifetime extension next year", the Institute said.Despite soaring prices for gas and electricity, Minister for Economic Affairs Robert Habeck has said he only plans to keep two nuclear power plants on standby as an emergency option until April 2023.Since the end of August, no gas has been flowing from Russia to Germany via the important Nord Stream 1 pipeline.After maintenance work, gas deliveries were suspended due to faults at the Potovaya compressor station, according to Germany's Federal Network Agency (BNetzA).Under former Chancellor Angela Merkel, Germany accelerated its nuclear phase-out after the Fukushima disaster in 2011.The country's nuclear power plants are still scheduled to be taken off the grid by the end of the year at the latest, and Habeck has said the phase-out will not be reversed."Nuclear power is and continues to be a high-risk technology, and the highly radioactive waste will be a problem for many future generations," he said.Only 12 per cent of Germans support the completion of the phase-out as planned by the end of this year, according to a survey published by public broadcaster ZDF.As the energy crisis worsens, a majority wants to keep the country's remaining nuclear power plants running.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

University Of BielefeldFOLLOW

University of bielefeld, Latest News

Cologne (Germany), Sep 26 An international hardware fair, one of the world's biggest of such kind, opened in ... ...

As the world journeys towards a future driven by technology, innovation and creativity, Sixt Research & Development has emerged an organisation committed to lead transformation in mobility. ...

Berlin, Sep 20 With energy prices through the roof, inflation in Germany could exceed 10 per cent this ... ...

Frankfurt, Sep 19 German car making giant Volkswagen (VW) has said it is aiming for a valuation of ... ...

Berlin, Sep 17 Consumer electricity prices in Germany are to rise by around 60 per cent in 2023, ... ...

New Delhi, Sep 16 A sudden seasonal flu outbreak and an increase in Covid-19 cases have surprised many ... ...

Berlin, Sep 16 French manufacturer Alstom was attempting to set a new distance record with its CoradiaiLint hydrogen-powered ... ...

Berlin, Sep 15 Extending the lifetime of Germany's remaining three nuclear power plants would reduce the price of ... ...