Nuclear energy as rescue: EU reform for stable electricity prices decided!

Nuclear energy as rescue: EU reform for stable electricity prices decided!

In a current statement, several EU countries that belong to the European nuclear alliance made their point of view to nuclear energy. You consider this as an essential answer to the increasing demand for fossil -free electricity and climate change. According to the Allianz, thanks to its low CO2 footprint, the nuclear energy offers an inexpensive way to generate basic load current that can be needed at any time. As an example, the positive effects of new and existing nuclear power plants were highlighted, which not only cover the energy requirements of their own countries, but also contribute to the stability of the entire European electricity market. These states emphasize that without the support of nuclear energy, the EU would have difficulty supplying its citizens with affordable and abundant carbon-poor electricity, especially with regard to the objective of reaching net zero emissions by 2025, such as 2400 1223283 reported At the same time, significant measures for the reform of the European electricity market were decided to better protect consumers from extreme price increases. The reform is a direct reaction to the drastic climbs of energy costs in 2022, which were mainly caused by the high gas prices due to the Ukraine conflict and the failure of numerous French nuclear power plants. The new regulations aim to make the electricity market more stable, more affordable and sustainable. In the future, consumers should be able to choose between fixed price contracts and dynamic prices, which enables them to benefit from price fluctuations. In addition, it is ensured that providers are not allowed to change the contractual conditions unilaterally to ensure a fair pricing policy. These developments were confirmed by the introduction of so-called "Contracts for Difference", which should create incentives for investments in renewable energies, including nuclear power, such as Tagesschau