Related news
The nuclear industry can not be more. After years of asking for a tax cut, because taxes were drowning their profits, now the law that is being processed in Congress, known as ‘CO2 dividends’, puts the finishing touches on it.
That is what they have stated in a statement from Nuclear Forum, the employer’s association that represents the seven centrals that exist in Spain.
The purpose of the bill is lower the CO2 price of the remuneration of those facilities that were put into service before the October 25, 2003, prior to the establishment by the European Union of the market for CO2 emission rights.
Foro Nuclear defends that “Spanish nuclear power plants work with operating authorizations that are renewed periodically. Those currently in force were requested by their holders and granted by the corresponding Ministry after that date. “
Therefore, at the time of application, and to carry out the necessary investment decisions, the EU emission allowance mechanism and international market CO2 price. With this bill in force, the renewals of the authorizations, several of them very recent, would not have been requested.
Tax pressure
The nuclear industry cries out for excessive tax burden that supports the Spanish nuclear park and the impact of the draft of the CO2 Law in its current wording (together they can exceed € 30 / MWh). All of this is in addition to the 3,000 million euros planned for investments to be made until the operation of the nuclear park ceases in 2035.
“In an environment of future prices below € 50 / MWh from 2024 onwards, due to the massive entry of renewable energies into the system with marginal costs tending to zero, they would lead us to their economic-financial unviability and we they would lead to the anticipated cessation of the activity “, they assure.
For him President of the Forum of the Spanish Nuclear Industry, Ignacio Araluce, “The early cessation of the generation technology that produces more electricity in Spain and avoids more greenhouse gas emissions would lead to a disorderly shutdown of nuclear generation”.
“Also, to the consequent loss of jobs and industrial fabric, a greater dependence on foreign energy and an increase in price volatility in the wholesale market “.
“It would also prevent the fulfillment of the objectives of the National Integrated Energy and Climate Plan 2021-2030 (PNIEC), especially with regard to the reduction of CO2 emissions, since the closure would mean an increase of about 22 Mt / year ”.
Follow the topics that interest you
Reference-www.elespanol.com