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EU electricity market deal paves way for France to ditch divisive ARENH scheme
A deal on reforming the EU’s power market, reached by the 27 EU member states on Tuesday (17 October), paves the way for Paris to ditch a much-decried scheme forcing state utility EDF to sell its nuclear energy production to competitors below market price.
read more... 20/10/2023
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EU countries break deadlock on power market subsidies
European Union countries' energy ministers struck a deal to reform power market subsidies, Spain's energy minister said on Tuesday, defusing a stand-off between France and Germany over the future competitiveness of industrial sectors.
read more... 19/10/2023
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EU to scrutinise foreign subsidies for wind energy sector
The European Union plans to boost financial support for the wind energy sector and scrutinise subsidies of foreign wind product imports, as local manufacturers face increased competition from China, a document seen by Reuters showed.
read more... 19/10/2023
France and Germany disagreement on CfDs continues
EU energy ministers are seeking to resolve differences over the use of contracts for difference (CfDs) to support nuclear energy investment on Tuesday. Some countries support the initiative as they see CfDs as key to incentivising investment in an industry with uncertain rates of return on capital. Others believe CfDs will disrupt the pricing mechanism for energy markets in Europe.
read more... 18/10/2023
EU tries to unblock France, Germany spat over industrial competition
A stand-off between France and Germany over the future competitiveness of their industries will be the central point of discussion when EU energy ministers meet in Luxembourg on Tuesday, EU diplomats said.
read more... 17/10/2023