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The Future of Nuclear Power in France: An Analysis of the Costs of Phasing-out

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  • Malischek, Raimund

    () (Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI))

  • Trueby, Johannes

    (Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI))

Abstract

Nuclear power is an important pillar in electricity generation in France. However, France’s nuclear power plant fleet is ageing, and the possibility of reducing its share in power generation or even a complete phase-out has been increasingly discussed. Our research therefore focuses on three questions: First, what are the costs of phasing-out nuclear power in France under different scenarios? Second, who has to bear these costs, i.e., how much of the costs will be passed on to the rest of the European power system? And third, what effect does the uncertainty regarding future nuclear policy in France have on system costs? Applying a stochastic optimization model for the European electricity system, we show that additional system costs in France of a nuclear phase-out amount up to 76 billion EUR2010. Additional costs are mostly borne by the French power system. Surprisingly, we find that the costs of uncertainty are rather limited. Based on our results, we conclude that a commitment regarding nuclear policy reform is only mildly beneficial in terms of system costs.

Suggested Citation

  • Malischek, Raimund & Trueby, Johannes, 2014. "The Future of Nuclear Power in France: An Analysis of the Costs of Phasing-out," EWI Working Papers 2014-15, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
  • Handle: RePEc:ris:ewikln:2014_015
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    References listed on IDEAS

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    Cited by:

    1. repec:gam:jeners:v:10:y:2017:i:8:p:1235-:d:109067 is not listed on IDEAS
    2. Rinne, Sonja, 2018. "Radioinactive: Are nuclear power plant outages in France contagious to the German electricity price?," CIW Discussion Papers 3/2018, University of Münster, Center for Interdisciplinary Economics (CIW).
    3. repec:eee:enepol:v:116:y:2018:i:c:p:323-336 is not listed on IDEAS

    More about this item

    Keywords

    nuclear policy; uncertainty; investment; France; electricity market modeling;

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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