Czech government will subsidise nuclear power

Czech lawmakers approve nuclear support, WNN, 17 September 2021

The Czech Republic’s support framework for nuclear investment has been approved by the lower house of parliament. The Low Carbon Act should come into effect from 1 January 2022, the energy ministry said. “Currently, there are no market incentives for investment in new nuclear or other emission-free energy sources,” noted Tomáš Ehler, the deputy minister of industry and trade, saying, “These market failures have been confirmed by the European Commission itself.”

The new law, approved by large majority in the Chamber of Deputies yesterday, seeks to address this by allowing for a state-owned company to purchase electricity from new nuclear plants at a fixed rate for at least 30 years with the possibility of extension. …. The new law, approved by large majority in the Chamber of Deputies yesterday, seeks to address this by allowing for a state-owned company to purchase electricity from new nuclear plants at a fixed rate for at least 30 years with the possibility of extension. ……. https://www.world-nuclear-news.org/Articles/Czech-lawmakers-approve-nuclear-support

September 21, 2021 - Posted by Christina Macpherson | EUROPE, politics