Perspectives of nuclear power in a deregulated energy market

The current German federal government's intention to opt out of the peaceful use of nuclear power has far reaching consequences for the economy, the environment, and for technological development. The debate so far has neglected to consider the impact on the international aspects of energy supply as well as the consequences for the solution of the climate problem. A detailed analysis initially produces an inconsistent picture. On the one hand, deregulation is likely to boost efforts seeking to use nuclear power as intensively as possible while, on the other hand, the problems facing nuclear power for a long time already are going to intensify in an environment characterized by stronger competition. A comparison of nuclear power, lignite, hard coal, and gas reveals major differences between new and old plants and, above all, decisive advantages of nuclear power. However, the higher cost associated with the policy of opting out could cause the present competitive edge of nuclear power plants to be lost. The discussions focusing on what is called 'a cold opt-out' show that this is being considered a real danger. All parties involved should realize that this not only impairs very much the competitive position of the major German electricity generating utilities, but would also directly affect the interests of distributing utilities as well as those of the final consumers. (orig.)