German utilities to get several billions of euros in nuclear tax refunds

13/06/2017 10:18 Legislation

news

Germany's Constitutional Court ruled that the nuclear fuel tax is illegal on 7 June, raising the prospect of 6.3 billion euros refund to utilities and up to 1.5 billion euros in interest payments.

Power companies E.ON, RWE and EnBW were hit hard by Chancellor Angela Merkel's decision to exit nuclear power by 2022, when a nuclear fuel tax was imposed.

 

Last year, the utilities were also told by the government that they must pay 23.6 billion euros into a new state fund that will finance the future storage of nuclear waste, which was 6.2 billion euros more than the companies had provisioned for. Repayment of the nuclear fuel tax may now compensate for this.
 

Daily (14.09.2017): EU carbon prices climbed to a new 19-month high on Wednesday

14/09/2017 10:52:00

Crude oil prices rose on Wednesday after the International Energy Agency (IEA) stated that a global surplus of crude was starting to shrink, even though U.S. data indicated another huge surge in domestic inventories due to Hurricane Harvey.

<READ MORE

The number of nuclear newbuild projects significantly dropped to a decade low

13/09/2017 17:01:00

A significant decrease in the number of nuclear newbuild projects around the world has been registered by the World Nuclear Industry Status Report (WNISR), hitting a decade low, mainly after the 2011 Fukushima disaster and due to the increasing costs of the atomic energy.

READ MORE

Trafigura signals LNG business expansion in Pakistan

13/09/2017 16:14:00

An LNG import terminal is likely to be opened by the commodities trader Trafigura in Pakistan to satisfy the higher demand for gas in the emerging economies.

READ MORE