SHARE
COPY LINK

ENERGY

Electricity exports up despite warnings

German electricity exports rose again last year, quashing concerns that the country's nuclear phase-out would lead to shortages. New figures show a four-fold increase in export surplus since 2011.

Electricity exports up despite warnings
Photo:DPA

Germany was considered brave – and foolhardy by some – when it decided to phase out nuclear power in the wake of the nuclear disaster at Fukushima in Japan two years ago.

But new figures suggest the country has a more than healthy supply of power. Last year, Germany exported 22.8 terawatt (TWh) more electricity than it imported. That’s due in part to an increase in sun and wind energy production.

Top consumers of German energy are the Netherlands, Austria and Switzerland, while France, Denmark and the Czech Republic supply most to the country.

According to figures from the Federal Statistics Office, Germany’s energy surplus stood at 14.4 TWh in 2009 and rose to 17.6 TWh in 2010. In 2011, the year Germany made the controversial decision to cut its reliance on nuclear power, it maintained an export surplus, albeit it of just 6 TWh. The latest increase therefore represents almost a four-fold increase since 2011 and the highest surplus in four years.

In 2011, German energy giant RWE warned the decision to shut down nuclear power plants “could lead to a long-term depletion process with a considerable negative impact on jobs and prosperity.”

But two years on, there are no indications that the country will suffer a shortage. To date, Germany has closed eight of its 17 nuclear power plants and is set to shut all the rest by 2022.

DPA/The Local/kkf

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

SHOW COMMENTS