This post concerns Hinkley Point C and the subsidies the UK government wishes to provide Electricité de France with in order to build and run it for the next years.
Paul Dorfman, Honorary Senior Research Associate at UCL Energy Institute and founder of the Nuclear Consulting Group, just sent this:
The European Commission has opened an in-depth inquiry to examine whether UK State Aid for the construction and operation of two new nuclear power plants at Hinkley Point C in Somerset are in line with EU legislation.
We conclude that the proposed UK government State Aid for new nuclear is incompatible with EC Legislation, does not represent a genuine ‘Service of General Economic Interest’ under Art 107(1) TFEU, will distort the European energy market, is neither transparent nor proportionate, will not make a timely contribution to UK security of supply or decarbonisation, and will not contribute to affordability, price stability and least-cost for the UK energy consumer.
An in-depth analysis of why a very large set of key UK and pan-EU energy policy and civil society stakeholders come to this conclusion is provided in THIS PDF DOCUMENT which I advice any interested reader or policy maker to go through. Thanks to Paul for this very important contribution!