France Risks Power Price Shock Unless Nuclear Phase-Out Slowed
A French parliamentary commission has called on the government to delay its planned phase-out of nuclear power and stagger it over several decades, as part of its energy transition to promote green energy.
A report published Wednesday by OPECST, a scientific commission of senators and MPs from the upper and lower houses of Parliament, said France risks being exposed to a power price shock if it pursues a speedy phase-out of nuclear power and there is insufficient replacement through renewable energy and energy efficiency measures.
Socialist president Francois Hollande has pledged to reduce the share of nuclear power from 75% to 50% by 2025, starting with the shutdown of the two oldest reactors at Fessenheim by the end of 2016. Full details of the energy transition — including targets for specific renewable energies — are yet to be announced by the government and energy Minister Philippe Martin warned Wednesday that laws enacting the energy transition and the start of the nuclear phase-out would not be presented to Parliament until 2014. A parliamentary vote might not take place until the end of 2014, he said.
By posting your comment, you agree to abide by our Posting rules