EU Strikes Deal on Electricity Market Reform After France-Germany Standoff

EU countries resolved a dispute over electricity market reform after a standoff between France and Germany over clean energy subsidies.

Germany worried France's nuclear fleet would get huge profits that could give France a competitive advantage.

Final deal allows subsidies for existing nuclear reactors but with EU oversight on competition impacts.

Agreement follows months of negotiations and France-Germany disagreement stalling other green laws.

Deal provides certainty for clean energy industry and aims to boost investment and cut consumer bills.