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The Future of Nuclear Power in France: An Analysis of the Costs of Phasing-out

Author

Listed:
  • Malischek, Raimund

    (Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI))

  • Trueby, Johannes

    (Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI))

Abstract
Nuclear power is an important pillar in electricity generation in France. However, France’s nuclear power plant fleet is ageing, and the possibility of reducing its share in power generation or even a complete phase-out has been increasingly discussed. Our research therefore focuses on three questions: First, what are the costs of phasing-out nuclear power in France under different scenarios? Second, who has to bear these costs, i.e., how much of the costs will be passed on to the rest of the European power system? And third, what effect does the uncertainty regarding future nuclear policy in France have on system costs? Applying a stochastic optimization model for the European electricity system, we show that additional system costs in France of a nuclear phase-out amount up to 76 billion EUR2010. Additional costs are mostly borne by the French power system. Surprisingly, we find that the costs of uncertainty are rather limited. Based on our results, we conclude that a commitment regarding nuclear policy reform is only mildly beneficial in terms of system costs.

Suggested Citation

  • Malischek, Raimund & Trueby, Johannes, 2014. "The Future of Nuclear Power in France: An Analysis of the Costs of Phasing-out," EWI Working Papers 2014-15, Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI).
  • Handle: RePEc:ris:ewikln:2014_015
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    References listed on IDEAS

    as
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    Cited by:

    1. Zimmermann, Florian & Keles, Dogan, 2023. "State or market: Investments in new nuclear power plants in France and their domestic and cross-border effects," Energy Policy, Elsevier, vol. 173(C).
    2. Wilson, A. & Nuttall, W. & Glowacki, B., 2020. "Techno-economic study of output-flexible light water nuclear reactor systems with cryogenic energy storage," Cambridge Working Papers in Economics 2001, Faculty of Economics, University of Cambridge.
    3. Rinne, Sonja, 2018. "Radioinactive: Are nuclear power plant outages in France contagious to the German electricity price?," CIW Discussion Papers 3/2018, University of Münster, Center for Interdisciplinary Economics (CIW).
    4. Eser, P. & Chokani, N. & Abhari, R., 2018. "Trade-offs between integration and isolation in Switzerland's energy policy," Energy, Elsevier, vol. 150(C), pages 19-27.
    5. Laura Rodríguez-Penalonga & B. Yolanda Moratilla Soria, 2017. "A Review of the Nuclear Fuel Cycle Strategies and the Spent Nuclear Fuel Management Technologies," Energies, MDPI, vol. 10(8), pages 1-16, August.
    6. Pilpola, Sannamari & Lund, Peter D., 2018. "Effect of major policy disruptions in energy system transition: Case Finland," Energy Policy, Elsevier, vol. 116(C), pages 323-336.
    7. Kim, Hansung & Lee, Hwarang & Koo, Yoonmo & Choi, Dong Gu, 2020. "Comparative analysis of iterative approaches for incorporating learning-by-doing into the energy system models," Energy, Elsevier, vol. 197(C).
    8. Zimmermann, Florian & Keles, Dogan, 2022. "State or market: Investments in new nuclear power plants in France and their domestic and cross-border effects," Working Paper Series in Production and Energy 64, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).

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    More about this item

    Keywords

    nuclear policy; uncertainty; investment; France; electricity market modeling;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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