Subsidies to Prevent Power Blackouts Probed by EU’s Vestager
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The European Union’s antitrust chief is starting a probe into whether subsidies governments offer power plant operators to avoid blackouts distort competition.
Margrethe Vestager said she wants to ensure that public support for electricity supplies doesn’t unfairly favor some producers or technologies or thwart cross-border trade. Some EU countries, including the U.K., offer power companies payments to keep their plants ready to run during times of peak demand.