Monday, 20 September 2010

Germany, utilities agree new levy in nuclear deal

www.reuters.com
Sep 9, 2010

The German government and energy suppliers have agreed utilities will pay a charge of 9 euros perMW hour from 2017 as part of a deal on the extension of nuclear power, a ministry document seen by Reuters showed. The charge will follow the expiry of Germany's nuclear fuel rod tax and proceeds will go into a special government fund for investment in energy efficiency and renewable energy, according to the Environment Ministry document. Germany's centre-right ruling coalition ended months of division on Sunday by agreeing the country's 17 nuclear power plants should operate longer than planned, giving reactors an extension of about 12 years on average.

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