2023-07-19 18:10:41
By Solenn Paulic
Posted 2 hours ago, Updated 37 minutes ago
MEP François-Xavier Bellamy (LR) voted once morest the text, described as “ideological”. François BOUCHON/Le Figaro
The Industry Committee votes on a text that makes public support for existing plants more complicated.
The battle is not yet lost, but not very well underway. While member states have been clashing for months between pro and anti-nuclear, MEPs in the Industry Committee reduced, on Tuesday, the possibility for public authorities to support the maintenance and extension of the life of existing nuclear power plants. . They did this by reducing the scope of contracts for difference (CFDs), which were supposed to protect consumers and producers of electricity over the long term with guaranteed prices and allow investments in low-carbon energies.
These CFDs, as proposed in March by the Commission in its reform, will become the only public aid scheme authorized for renewables and nuclear. Established between the electricity producer and the public authorities, they would compensate the producers in the event of prices that are too low; the producer would pay the additional income to the State if the price on the market is higher than…
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