EC scrutinises UK nuke terms

Ed Davey, secretary of state for energy and climate change.

Ed Davey is confident the nuclear deal meets the rules

Brussels has opened an “in-depth” investigation into UK’s nuclear subsidy deal with an EDF-led consortium, in a long-awaited case with huge implications for future low-carbon energy across the EU.

In launching the investigation, the European Commission noted that it “has doubts” that the 3.2GW Hinkley Point C project in southwestern England “suffers from a genuine market failure”.

Even if the Hinkley Point C deal were ultimately given the nod by Brussels, the investigation may drag so long that EDF is unable to take a final investment decision in July 2014 as expected.

While the UK government has suggested that the Commission understands the importance of a speedy resolution and will prioritise the investigation accordingly, other observers remain doubtful.

The UK government has been steeling itself for the EC’s investigation, arguing that the Log in to read complete article.

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