Nuclear power: Are energy price hikes prompting a German rethink? Energy prices are soaring globally, and Germany’s neighbors are building new nuclear reactors. Some want to revisit the commitment to go nuclear-free. In Germany, the stock market price for electricity has risen by around 140% since January. Experts believe energy prices are being driven up by the rocketing cost of natural gas, which has gone up 440% since the beginning of the year. So far electricity and gas prices for households in Germany have increased only 4.7% in the first half of 2021, but many consumers fear the rise in market costs may soon be passed on to them. Germany already pays the most for electricity in Europe, with around half of the cost made up of taxes, levies, and surcharges, part of which is meant to facilitate the transition to renewable energy. Currently about a quarter of Germany’s electricity comes from coal and about another quarter from renewables, 16% from natural gas and around 11% from nuclear energy.
Deutsche Welle 22nd Oct 2021 read more »