BRUSSELS LAUNCHES INVESTIGATION INTO PLANNED UK SUPPORT FOR EDF NUCLEAR PLANT
February 3rd, 2013
THE EUROPEAN Commission opened today (Wednesday) an investigation into the plans of the British government to subsidise the construction and operation of a new nuclear power plant by Electricité de France (EDF) at Hinkley Point C in Somerset. Brussels want to ensure that UK plans to establish a feed-in tariff giving stable revenues to EDF over 35 years despite the volatility of the electricity market is not illegal under European Union’s (EU) state aid rules.“We must look whether state aid is really needed and if so whether the level of state aid is ...
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