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Nuclear energy in France is heavily subsidized with tax money.
by adrianN 3y ago
Nuclear energy in France is heavily subsidized with tax money.
- mpweiher 3y agoIncorrect. Nuclear energy in France is heavily used to subsidize other parts of the economy.
- adrianN 3y agoEDF had to be bought by the state because it failed to make any profits. The price of nuclear power in France is regulated, which is why EDF failed to make profits. The actual cost for EDF to produce power is secret. The financials leave zero room for new construction, barely cover maintenance and there is insufficient money for decommissioning existing plants.
- mpweiher 3y agoIncorrect. EDF was bought out by the state because the state had been siphoning off all its profits. > The price of nuclear power in France is regulated, which is why EDF failed to make profits. Exactly. Cheap nuclear electricity was used for decades to subsidize all sorts of industries and endeavors, never allowing EdF to actually profit from the cheap generating capacity.