Slovakia plans to raise fees for disposal of spent nuclear fuel.

By bne IntelliNews September 6, 2011
Slovakias economy ministry plans to increase the compulsory fees paid by the operators of the nuclear power plants for the disposal of spent fuel as of 2012, SITA news agency reported. Both variable and fixed components of the compulsory contribution to the National Nuclear Fund (NNF) are to be increased. NNF is responsible for decommissioning of nuclear power plants and handling used nuclear fuel and radioactive material. The variable component is to stand at 7.33% of the selling price of electricity generated by a nuclear power plant from the current 5.95%. The fixed component will increase mainly as a result of the inflation that surged in 2011. This component is EUR 11,600 per MW of installed capacity multiplied by the previous years inflation rate. The economy ministry also suggests that the nuclear power plant operators should pay the aggregate inflation between July 2006 and December 2011. Consumers in Slovakia pay EUR 3 per MWh to the NNF for covering the costs of the nuclear waste disposal. The economy ministry counts on collecting EUR 70mn in the NNF from consumers. Power utility Slovenske Elektrarne (SE) operates Slovakias nuclear power plants. The company paid EUR 55.5mn to the NNF in 2010. The company is 66% owned by Italian ENEL, while the remaining shares are held by the state through the privatization agency FNM. SE reported a 33.4% y/y rise in its consolidated net profit to EUR 373.5mn in 2010.
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