Power companies threaten to close their nuclear power plants after the government's plan to make electricity cheaper

The electricity companies give a pulse to the Government after the announcement of the Executive’s plan to lower the electricity bill. Through the Nuclear Industry Forum, a body that integrates power companies, nuclear power plants and other companies in the sector, they threaten to close the country’s nuclear power plants, which they own, because they say that the plan presented this Tuesday after the Council of Ministers makes them unviable.

For nuclear, “this bill should not apply to nuclear energy.” In a statement published this Tuesday afternoon They explain that “the Royal Decree-Law approved by the Council of Ministers today, even though it is of temporary application, goes even further into penalizing nuclear power generation.”

For this reason, they threaten the “disorderly closure” of the nuclear plants and assure that “they would lead to their economic-financial unfeasibility and would lead to the early cessation of activity.” The Forum makes it obvious that all nuclear power plants in Spain are owned by the country’s large electricity companies. Specifically, they all belong to Iberdrola, Endesa, Naturgy and, only in the case of the Trillo plant, there is also a stake from EDP.

That is why they affirm that the bill presented this Tuesday, together with the “excessive current fiscal pressure” would lead to the “cessation of the activity of the entire nuclear park.”

Nuclear power plant owners in Spain

REACTOR SITE HEADLINE OWNERS ELECTRIC POWER (MW) KIND YEAR START COMMERCIAL EXPLOITATION
Almaraz I AlmarazCáceres Almaraz-Trillo Nuclear Power Plants, AIE. (CNAT) Iberdrola Generación Nuclear, SA (52.7%), ENDESA Generación, SA (36.0%), Naturgy Energy Group, SA (11.3%) 1.049,40 P.W.R. 1983
Almaraz II AlmarazCáceres Almaraz-Trillo Nuclear Power Plants, AIE. (CNAT) Iberdrola Generación Nuclear, SA (52.7%), ENDESA Generación, SA (36.0%), Naturgy Energy Group, SA (11.3%) 1.044,50 PWR 1984
Ascó I AscóTarragona Ascó-Vandellós Nuclear Association II, IEA. (ANAV) Endesa Generación SA (100%) 1.032,50 P.W.R. 1984
Ascó II AscóTarragona Ascó-Vandellós Nuclear Association II, IEA. (ANAV) Endesa Generación, SA (85%) Iberdrola Generación Nuclear, SA (15%) 1.027,21 P.W.R. 1986
Chests CofrentesValencia Iberdrola Generación Nuclear, SA Iberdrola Generación Nuclear, SA 1.092,02 B.W.R. 1985
Vandellós II Vandellós and L’Hospitalet del InfantTarragona Ascó-Vandellós Nuclear Association II, IEA. (ANAV) Endesa Generación, SA (72%), Iberdrola Generación Nuclear, SA (28%) 1.087,14 P.W.R. 1988
Trillo TrilloGuadalajara Almaraz-Trillo Nuclear Power Plants, IEA. (CNAT) Iberdrola Generación Nuclear, SA (48%), Naturgy Energy Group, SA (34.5%), EDP HC Energía, SA (15.5%), Nuclenor, SA (2%) 1.066,00 P.W.R. 1988

Source: Ministry for Ecological Transition

The measures announced this Tuesday

The Government expects to inject 2,600 million euros into the electricity system by returning a part of the extraordinary income of companies linked to the rise in natural gas.

The package of measures approved this Tuesday in the Council of Ministers also includes tax cuts and an increase in the protection of vulnerable consumers.

According to the executive, it will mean a reduction in the bill of an average consumer of 22% per month until the end of the year and will make it possible to fulfill the promise of President Pedro Sánchez that the regulated rate for the whole of the year will be equivalent to that of 2018 plus the Accumulated CPI.

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