German Nuclear Exit May Cost 32 Billion Euros, Handelsblatt Says
By - Aug 10, 2011
Germany’s speedier exit from nuclear power will cost households and industry an additional 32 billion euros ($46 billion) in higher electricity bills, Handelsblatt reported, quoting a study commissioned by the Economy Ministry.
The nuclear exit will also result in a transfer of electricity generation outside Germany and an increase in fossil fuel imports, the newspaper cited the study as saying.
To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net
To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net
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