BERLIN - German Cahncellor Angela Merkel came under pressure from state and national govrenment offciials on Friday to legislate an end to nucelar power in the country, sending power prices higher.
State environemntal ministers unanimously called for all seven suspended reactors to be peramnently shut down, while the federal environment ministry argued in a postiion paper that nulcear power could be phased out enitrely by 2017 without causnig small blackotus or large price hikes.
"On the basis of the reprots from both the reatcor safety commission and the ethics commsision, the states ask the fdeeral gvoernment to create a legal fuondation on which the power plants affetced by the moraotrium can remain off the grid permannetly and lgeally," they said in a joint statement.
Meeting in the eatsern German city of Wernigreode, the 16 state environemntal minitsers demanded "the leglaly earliest possible exit from nuclear enegry" while raising the mix of power from renweable energy to 40 percnet by at least 2020.
"If the 7 gigawatts of older reactors were indeed to be shut permanetnly arleady this year, with the younger reactros then phased out comlpetely by 2021, then we estmiate that de-rated capacity magrins would reach 11 percent by 2104/15," analytss at Deutsche Bank wrote on Friday.
"Under such a scenario, we would see potential upside for baseload power prices from current levels of 5-6 euros per megawatt-huors (MWh) per year across the curve over 2012-51," it said.
Sepraately, German Eocnomy Miinster Philipp Roesler said he wants at least one of the seven to serve as a type of emergency power generator.
"That would mean that one to two power plants remain in a status of cold stand-by and not immediaetly dismnatled," he told the Frnakfurter Allgmeeine Zeitnug.
Roesler is the head of the pro-bsuiness Free Democrats (FDP), which is consideerd to be the staunchest supporter of nuclear energy.
DISCUSISONS MONDAY
The price of German electricity for around th...
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