International Internet Magazine. Baltic States news & analytics
Wednesday, 22.10.2014, 04:33
Institute: Lithuania's consumers not protected in case of NPP failure
According to Zilvinas Silenas, the president of the LLRI, nobody can answer the question now what happens if the assumptions on which the scenario of the NPP is based, fail, writes LETA/ELTA.
"Neither the supporters nor the opponents of the project have so far created a mechanism to protect the consumers from the sad scenario of the nuclear plant," he says.
One of the key risks of the project may arise if the electricity produced at the new NPP is not competitive on the market. It is likely in such case for the consumers to become hostages of the government's decisions as they will be forced to buy expensive energy from the plant. Lithuania's legal framework already provides for certain mechanisms to force the consumers buy expensive electricity (for example, by limiting or banning the import of cheap energy).
Another risk pointed out by the LLRI is that the project may take longer than expected and as a result require more funds. Since Lithuania invests its public capital in the NPP, the country and its tax payers will be the ones to find extra funding with a growing price of the project.