France and Germany Reach Compromise on EU Electricity Market Reform, But Nuclear Subsidies Still Cause Friction
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Paris and Berlin strike compromise on reforming EU electricity market, but disagreement remains on use of subsidies for existing nuclear plants.
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France pushed to extend subsidies to all 56 nuclear reactors, Germany opposed as unfair advantage.
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Compromise allows subsidies for upgrading existing plants to increase capacity or extend lifetime.
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Revenue must not distort competition and should go to consumers and industry under restrictions.
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France sees deal as victory, Germany says its views largely prevailed; irritation likely to continue.