Coal Subsidies Jeopardize EU Power Market Reform ...Middle East

OILPRICE - Economy
Coal Subsidies Jeopardize EU Power Market Reform
source : OILPRICE ( Middle East ) () 40
A proposal to extend subsidies for coal power plants in the EU may interfere with plans to quickly agree on a power market reform that Brussels claims would make electricity prices more stable and predictable. Sweden, the rotating president of the EU, submitted the proposal at the last moment, suggesting that EU members keep their subsidies for coal power plants, Reuters reported today. The subsidies finance the facilities to ensure they stand by ready to generate electricity in case of a decline in output from other sources. The proposal sounds…

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