Russia’s state nuclear energy corporation Rosatom is ready to postpone the commissioning of two nuclear power units for two years in an effort to slow down increases in energy prices, the state-owned Tass news agency said. In a report which Rosatom also published on its own website, Tass said commissioning of Novovoronezh 2-2, planned for January 2019, would be postponed by a year, and commissioning of Leningrad 2-2, planned for February 2020, by two years. Tass said the decision was taken because under a government-regulated fixed power supply agreement with wholesale consumers, any return on nuclear investment must be at least 10.5%, which would mean electricity prices for the consumers would increase to meet the target. Fixed power supply agreements have been in place in Russia since 2008 to guarantee returns on investment in generating capacity. The final wholesale prices are usually higher than the prevailing market price to compensate costs incurred by the investor during construction. The agreements include government-regulated price levels for various types of consumer, dependent on their maximum consumption. Neither Tass nor Rosatom gave details, although Tass said postponing commissioning of the units will lead to a reduction in the rate of electricity price growth in 2019 from 12.9% to 11.1%.
Nucnet 5th Feb 2018 read more »