Sponsored Content

Nuclear Power Phase-Out Will Cost Austria € 600m

Business › Economy ♦ Published: June 9, 2011; 14:41 ♦ (Vindobona)

Sponsored Content

According to calculations by E-Control, Germany’s decision to close down its nuclear power plants will affect the Austrian economy.

Nuclear Power Phase-Out Will Cost Austria € 600m / Picture: © Vindobona.org

Germany’s early nuclear power phase-out will result in costs of € 6bn per year. Austria will also feel the consequences, says Walter Boltz, director of the regulatory authority E-Control. The extra cost for the Austrian economy will amount to approximately € 600m per year.

“The problem is not the phase-out by itself, but that the decision has been taken too quickly. It…