The price of nuclear energy is to be capped and profits from its sale returned to consumers if prices rise above set thresholds under a new deal agreed between EDF and the government on Tuesday (November 14).
The complex deal, reached after months of negotiations, is aimed at protecting consumers and businesses from rising prices but also ensuring state nuclear operator EDF can find the funds it needs to build future nuclear reactors.
The two sides agreed on €70/MWh as an average reference level for nuclear power prices.