#energy-subsidies

#energy-subsidies

UK energy bill payers will hand over 2bn a year in subsidies to EDF, the French company building two nuclear power stations, according to government figures. EDF, owned by the French government, will be entitled to 1bn in annual payments as soon as Hinkley Point C, in Somerset, comes on to the grid in 2030. The sum is due under the contracts-for-difference system that guarantees low-carbon energy companies a fixed price for the electricity they generate.