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Foro Nuclear points to high level of taxes and levies for sector. The economic and financial viability of nuclear energy must be guaranteed during Spain’s energy transition, but this cannot happen if the sector is under fiscal pressure, particularly in the form of high taxes, Madrid-based industry group Foro Nuclear said.

Foro Nuclear said nuclear power will be needed during any transition, but noted that in recent tax years the nuclear fleet paid nearly €1,000 million a year in taxes, levies and fees, around 40% of their income for producing electricity.

Those payments include an increased fee for the final management of spent nuclear fuel and the search for intermediate and final repositories. The fee has been increased “dramatically”, according to Foro Nuclear, and is now more or less €7 per MWh produced, when the average market price for 1 MWh is about €41.

A law passed in 2012 obliged all electricity producers to pay fees in order to cover a deficit incurred because of subsidies to renewables in the past. Producers have to pay because the government at the time decided not to increase the regulated price for final consumers. Subsidies for renewables also created a deficit which nuclear needs to cover for.

Date: Tuesday, 10 December 2019
Original article: nucnet.org/news/industry-group-urges-gov-t-to-guarantee-viability-of-nuclear-12-1-2019

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