EU plans 241 billion euro nuclear investment amid rising energy costs

The European Union is shifting its energy policy toward nuclear power, with the European Commission projecting investments of approximately 241 billion euros by 2050. This strategy aims to increase installed nuclear capacity from roughly 98 GW in 2025 to 109 GW by 2050 to combat high electricity prices, rising consumption, and geopolitical risks. European Commission President Ursula von der Leyen previously characterized the continent's prior retreat from nuclear energy as a strategic error.

In Slovakia, energy costs are experiencing significant upward pressure. Data from the Statistical Office shows that prices for electricity, gas, and other fuels have risen by 11.1 percent compared to the same period last year. Heating and cooling costs have seen a sharper increase of 28 percent. This rise is partly attributed to a shift in state energy assistance from universal price capping to targeted subsidies for eligible households, allowing market prices to be more fully reflected in consumer bills.