FT Energy News 7 December

Nuclear plants’ subsidies attacked (Page 2)

New nuclear power plants should not receive government subsidies because they are financially viable but a proposed feed-in tariff for low-carbon energy , which would include renewable and nuclear, would be acceptable because it would not represent a direct subsidy, said David Kennedy, chief executive of the Committee on Climate Change, a statutory body set up to advise the government on how to meet its emissions-cutting targets.

France nears $9bn deal to build two reactors in India (Page 8)

France has taken a lead over rivals including the US and Russia for a €7bn deal to build two nuclear power plants in India.

Brussels to target energy trading abuses (Page 10)

The European Union plans to crack down on insider trading and price manipulation in the natural gas and electricity markets. Gunther Oettinger, the energy commissioner, is expected to release legislation proposals on Wednesday requiring traders and generators to give regulators details of their trading and production activities.

ÈDF says that overseas strategy is unchanged after EnBW sale (Page 23)

EDF insisted its international strategy was unchanged after announcing its withdrawal from Germany through the surprise sale of its politically controversial stake in the German utility EnBW. The state of Baden-Wurttemberg is buying EDF’s 45% stake for €4.7bn in cash.