Nuclear energy, a key pillar of the power system during geopolitical conflicts

Energía nuclear, un apoyo fundamental al sistema eléctrico ante conflictos geopolíticos

The conflict in the Middle East has once again put pressure on natural gas and fossil fuel markets, driving up electricity prices. Nuclear energy provides relief to the system and protects consumers from a further increase in their electricity bills.

  • Natural gas prices have surged following the conflict in the Middle East, while nuclear fuel prices have remained stable in the face of this type of geopolitical tension.
  • In a high gas price environment such as the current one, without Almaraz in 2025 the day-ahead electricity market price would have increased by €47/MWh, while emissions would also have risen by up to 4.9 MtCO₂.
  • In this scenario, in 2025 the electricity bill would have increased by 24% for the residential sector and SMEs and by 35% for industry, with an impact of almost €8.800 million per year which, for a residential consumer, would translate into an increase of around €144 per year in their bill.
  • Without nuclear power, the system will be more vulnerable to gas price volatility, with the market price increasing by €22/MWh in 2035 in a scenario where gas prices remain at current levels as a result of the conflict in the Middle East.

Nuclear energy, a key pillar of the power system during geopolitical conflicts

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