Hinkley Point C to get EU rubber stamp reveals leak

A new nuclear power station in Somerset could be rubber stamped by the European Commission next month, a leak suggested this week. French energy company EDF has already begun building the foundations of Hinkley Point C and the nuclear supply chain has anxiously awaited news of its approval. Developments this week suggested they need fear no longer […]

EU adopts rules to tail off green energy subsidies

Rules to push EU countries towards tailing off renewable energy subsidies were adopted by the European Commission today. New guidelines dictating public support for energy and environmental protection are meant to reduce “serious market distortions”, the Commission said. Joaquín Almunia, Commission Vice President in charge of competition policy said: “It is time for renewables to join […]

Three EU power trading platforms fined €7m

The European Commission yesterday fined three electricity trading platforms in France, Norway and Romania €7 million (£5.7m) in total for anti-competitive behaviour. The EU competition watchdog handed out a €2.33 million (£1.91m) fine to Norwegian spot power exchange Nord Pool Spot (NPS) and a €3.65 million (£3m) fine to Paris-based EPEX Spot for an agreement […]

EU launches aid probe into Hinkley nuclear project

European Union regulators have launched an investigation to see if UK plans to subsidise a new nuclear power plant are in line with EU state aid rules. EDF Energy is set to build a £16 billion nuclear plant (pictured) at Hinkley Point in Somerset for which the UK Government has guaranteed power prices for 35 […]

EU could put the brakes on Hinkley Point C

Doubts have been cast over the plans for the new nuclear reactor at Hinkley Point C, after the EU Competition Commissioner Joaquin Almunia said an inquiry would probably be launched into the agreed strike price for the power station. A deal in October between EDF and the UK Government set the strike price for Hinkley […]

Is German green energy subsidy against competition laws?

Germany’s renewable energy subsidy could go against Europe’s competition laws and the office of EU Competition Commissioner Joaquín Almunia (pictured) is looking into the matter, it was reported last week. Lawyers in Brussels are now looking closely at the EEG, Germany’s renewable energy act, German weekly newspaper Der Spiegel reported over the weekend without citing sources. […]

European Commission approves UK’s Green Deal scheme

The European Commission confirmed State Aid approval for the UK’s Green Deal scheme and said it could provide up to £600 million of public support. In a statement, the Commission said the UK Government’s energy efficiency policy “is in line with EU state aid rules” and could make a “significant contribution” to the EU’s common […]