Ascó plant, in Tarragona. (Photo: NurPhoto via .)
The electricity companies have rejected the new measures approved by the Council of Ministers to lower the price of electricity and have threatened to close the entire nuclear park, as a result.
The Spanish Nuclear Industry Forum has also expressed its rejection of the bill on the remuneration of CO2 not emitted from the electricity market and have indicated that both measures “go even further in penalizing nuclear power generation”.
The president of the Nuclear Forum, Ignacio Araluce, has expressed that this anticipated cessation would cause “a disorderly closure of nuclear generation” and “the consequent loss of jobs and industrial fabric”. Therefore, among their requests, the companies have asked that, if the measures are approved, they are not applied retroactively.
For this sector, the real sale price of nuclear power generation, once the price of CO2 has been reduced, should remain around 57 or 60 euros / MWh, taking into account the current tax level.
In his opinion, if nuclear power plants are forced into this situation, the country would have a greater dependence on foreign energy and there will be an increase in price volatility in the wholesale market, and it would prevent the fulfillment of the objectives of the Integrated National Energy Plan. and Climate 2021-2030 (PNIEC).
Excessive tax burden
The Nuclear Forum has regretted that the Spanish nuclear park supports an “excessive fiscal pressure”, which, together with the new measures of the Executive, can lead to “economic-financial unfeasibility” and the consequent “early cessation of activity”.
In addition, they recall that the sector plans to make an investment of 3,000 million euros until the end of the operation of the nuclear park in 2035.
This article originally appeared on The HuffPost and has been updated.