Belgium to phase out all nuclear capacity by 2025

0
Belgium to phase out all nuclear capacity by 2025
Image: : Shutterstock

The European Commission has approved Belgium’s capacity mechanism as it phases out nuclear power by 2025.

The measure will contribute to ensuring the security of electricity supply, in particular in view of Belgium’s decision to phase out all nuclear capacity by 2025, without unduly distorting competition in the Single Market. It is the first capacity mechanism approved by the Commission after the entry into force of the new Electricity Regulation.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said, “Capacity mechanisms can help to safeguard security of electricity supply to the extent that they are designed in a way that avoids distortions of competition in energy markets.

-- ADVERTISEMENT --

Following close and constructive cooperation with the Belgian authorities throughout the process, we have approved a well-designed capacity mechanism that will contribute to ensuring security of electricity supply in Belgium, in particular in view of the upcoming phasing out of all nuclear capacity by 2025, while ensuring that possible distortions of competition are kept to a minimum.

“We also welcome the decision by the Belgian authorities to introduce certain sustainability requirements for new fossil fuel installations. This is a positive development towards the achievement of the important objectives set out in the European Green Deal,” she added on August 27.


Thank you for taking the time to read this article, please remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and follow us on Facebook and Instagram.


 

 

 


 

 

Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.

LEAVE A COMMENT

Please enter your comment!
Please enter your name here