Exploring investment potential in a context of nuclear phase-out uncertainty: Perfect vs. imperfect electricity markets

State or market: Investments in new nuclear power plants in France and their domestic and cross-border effects

“…As a result, a number of case studies were produced on the effects of a nuclear phase-out. For example, there are papers for Belgium (de Frutos Cachorro et al, 2020Laleman and Albrecht, 2016;Kunsch and Friesewinkel, 2014), Germany (Bruninx et al, 2013), Japan (Hayashi and Hughes, 2013;Komiyama and Fujii, 2015), Switzerland (Pattupara and Kannan, 2016), Sweden (Andersson and Hådén, 1997;Kan et al, 2020), or for larger regions, such as North America, Europe, and Japan (Glomsrød et al, 2015). The analytical investigations of the papers are diverse, covering, e.g., generation capacity investments, generation mixes, greenhouse gas emissions, or electricity prices.…”

Measuring contagion effects of nuclear energy policies and events

“…However, little attention has been paid to market and economic instability caused by uncertainties about the future of nuclear power, especially those related to nuclear phase‐out policies, which is one of the main scopes of this paper. There is clear evidence for the impact of nuclear phaseout on electricity prices in many countries, including Belgium, 23 France, 3,24,25 Germany, 26‐28 Japan, 29 and Switzerland 30,31 . Nuclear phaseout affects not only the electricity sector but also other economic sectors such as manufacturing 32 and renewable energy 33,34 .…”

Economic and environmental implications of the nuclear power phase-out in Belgium: Insights from time-series models and a partial differential equations algorithm

“…Unassessed by previous empirical assessments so far, this policy change may modify the economic and environmental channels through which energy and society interfere in this country. Indeed, the phase-out is a recurring discussion topic that can draw substantial investment uncertainties for renewable energy market players (de Frutos Cachorro et al, 2020). In the face of this challenge, this paper seeks to bring inclusive knowledge on an overlooked and unassessed case study so far: Belgium.…”