UK energy bill payers will hand £2bn a year to EDF for new power stations
French government-owned company to receive funding for Hinkley Point C and Sizewell C Business live – latest updatesUK 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...
<p>French government-owned company to receive funding for Hinkley Point C and Sizewell C </p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/nov/28/black-friday-consumers-scams-bad-deals-stock-market-ftse-pound-business-live">Business live – latest updates</a></p></li></ul><p>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.</p><p>EDF, owned by the French government, will be entitled to £1bn in annual payments as soon as <a href="https://www.theguardian.com/uk-news/hinkley-point-c">Hinkley Point C</a>, 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.</p> <a href="https://www.theguardian.com/uk-news/2025/nov/28/uk-energy-bill-payers-edf-hinkley-point-c-sizewell-c">Continue reading...</a>
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