The Future of Nuclear Power in France: An Analysis of the Costs of Phasing-out
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.
|Date of creation:||09 Nov 2014|
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