EDF: EU authorises compensation granted by France

(CercleFinance.com) - The European Commission has authorised, under EU State aid rules, the compensation granted by France to EDF following the early closure of the Fessenheim plant.


In 2015, France decided to cap nuclear energy production capacity in order to diversify its energy sources. EDF was forced to close the Fessenheim plant, and the damage linked to the cap was covered by a compensation protocol between the State and the operator.

The protocol provides for several mechanisms for adjusting the amount of compensation: the fixed part, amounting to 370.2 million euros, was paid in full on 14 December 2020; the amount of the variable part, determined by parameters fixed in the protocol, will be paid later, the European Commission said.


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