16 Sep (NucNet): The European nuclear industry group Foratom has called on the European Commission to propose a new energy market design that facilitates investments in all low-carbon energy sources including nuclear. Welcoming yesterday’s final go-ahead for the Hinkley Point C nuclear project in England, calling it an important milestone for the future of nuclear energy in Europe, the Brussels-based group said the current EU single electricity market fails to provide a sufficient market signal to investors in low-carbon energy. Foratom director-general Jean-Pol Poncelet said the contracts for difference (CfD) investment model that underpins the Hinkley Point C deal provides “an effective market mechanism that addresses this failure”. Mr Poncelet said the Hinkley Point C approval sends a positive signal for future nuclear investments all across Europe.
