#52026AS119469EU opens review of French aid for six new nuclear reactors
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The European Commission is opening a deeper review of France’s planned support package for six new nuclear reactors. The project would add nearly 10 GW of nuclear capacity and receive a subsidised loan, a 40-year price-support contract, and a risk-sharing mechanism for some project risks. The review matters for EDF, energy investors, electricity buyers, and competitors in EU power markets. The Commission sees a case for public support because of the scale, cost, and long timeline of the project, but it has concerns about whether the aid is proportionate, whether it could distort competition, and whether it complies with EU rules. Interested parties have one month from publication to submit comments.
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Key Changes
- The Commission has opened a formal review of France’s proposed aid for six new nuclear reactors.
- The planned package includes a subsidised loan covering 60% of estimated construction costs, a 40-year two-way contract for difference, and a risk-sharing mechanism.
- Interested parties may submit comments to the Commission within one month of publication.
Obligations
What this law requires
Interested parties that submit comments on the Commission’s State aid review must send them to the European Commission within one month of the publication date of the summary and letter.
Interested parties requesting confidential treatment of their identity or parts of their comments must make the request in writing and state the reasons for the request.