French utility EDF hopes for UK-style subsidies for the construction of new nuclear plants in France and expects that President-elect Emmanuel Macron’s plan to reduce the share of nuclear in the French power mix is a “long-term” plan. EDF chief financial officer Xavier Girre said on an earnings call with analysts on Tuesday that EDF would discuss power market regulation with Macron’s team “in order to set a right, positive and fair set of regulations for our industry”. “Regulation is absolutely key, and I am very optimistic that we will be in a position to discuss these matters in depth with the new administration,” Girre said. He said state-owned EDF was hoping to convince the Macron government to introduce state subsidies for new nuclear plants, modelled on the British “Contracts for Difference” (CfD) scheme under which EDF is planning to build two nuclear reactors in Hinkley Point, Britain.
Daily Mail 9th May 2017 read more »