Germany’s government cabinet today approved an amendment to the Nuclear Energy Act which provides for financial compensation to nuclear power plant operators due to the country’s phase-out decision of 2011. Plant operators will be compensated with a total of 2.4 billion euros for the amount of electricity they couldn’t sell and devalued investments, government ministries had announced earlier this month. An amendment of the existing compensation rules was necessary after Germany’s highest court ruled in November 2020 that the compensation clauses in the nuclear exit law are unconstitutional. While the ruling left the general nuclear phase-out decision and timetable untouched, it forced the government to revisit the law again. Now the government also announced that it had agreed with energy companies EnBW, E.ON/PreussenElektra, RWE and Vattenfall to set the actual amounts of compensation and in return have the companies settle all related legal disputes.
Clean Energy Wire 24th March 2021 read more »