That's stretching the meaning of the word “subsidy” quite a lot…
> That’s an easy to verify subsidy, as was the recent bailout for Areva S.A.
Oh please tell us more it's gonna be funny because you obviously don't know what you're talking about.
> Pressure from the French government for people to use electric heating, well it’s in support of the nuclear industry but not really a “subsidy” or is it?
Oh you mean the type of heating that's been FORBIDDEN in new building for a decade? Please be serious…
> What about low interest government loans? Sure that’s an obvious subsidy.
Yes, too bad it doesn't exist. (In France, UK has some kind of state-guaranteed loan for Hinkley point, but that's not the right country and not “low interest loan” either).
> obviously don't know what you're talking about.
Please enlighten us: European Union antitrust regulators approved the French government's plan to inject 4.5 billion euros ($4.8 billion) into embattled nuclear group Areva AREVA.PA, saying the rescue would not unduly distort competition. www.reuters.com/article/us-areva-restructuring-eu-idUSKBN14U1L0
PS: Hinkly is somewhat interesting as the French government has a major stake in the UK power plant. Digging into the financing gets rather interesting.
So, by your logic we were building new plants for no apparent reasons in the 80-90s, and to make it useful we decided to force people to use electric heaters to boost consumption. You couldn't imagine that there were no conspiracy to build nuclear plants for the sake of it and the logic actually went the other way around? After the oil shocks the French government decided to become more energetically independent. At this time most of the heating was provided via fuel oil boilers, so it was highly dependent on the international price of oil. So the government decided to encourage people to use electric heaters instead, and then built nuclear plants to provide the needed electricity. (the reader will note that this is a clear example of Brandolini's law, where the amount of effort needed to refute bullshit is significantly higher than to produce it).
> Things have clearly changed over time, but I am unaware of any current regulations banning new homes with electric heating.
So maybe you shouldn't talk about a country you don't know? “Réglementation Thermique 2012” (more commonly called “RT 2012”) is what you're looking for. And it was the biggest and most disruptive construction law ever, and was discussed in depth for years. Anyone with a least a minimal awareness on the French energy issues will inevitably be aware of it.
> Please enlighten us: European Union antitrust regulators approved the French government's plan to inject 4.5 billion euros ($4.8 billion) into embattled nuclear group Areva AREVA.PA, saying the rescue would not unduly distort competition. www.reuters.com/article/us-areva-restructuring-eu-idUSKBN14U1L0
Thanks, this cherry picking from the first Google result you could find illustrate my point about you not knowing the topic. Do you know the difference between a shareholder restructuring an asset and a state bailing out a private company? In the first case, the shareholder is actually rewarded the capital investment through its return on equity. Since Areva's restructuring, the French government has already been paid back through EDF's dividends. (of course these dividends aren't directly the result of the said restructuring, which is still bearing fruits, but simply the result of the recurring revenue that EDF brings to the French government ever year).
[1]: it was not heat pumps (which would be terrible for the job of artificially increasing consumption anyway because of their high yield) but plain convector, which where much affordable.
It’s a little more complicated. RE 2012 arguably does favor gas, but it does not requires it. However RE 2020 as of 2 days from now changes things back to electricity and for homes under construction is what’s actually in effect.
Sorry, if you’re using outdated information but the industry has moved on.
But interestingly enough, two comment above you were “unaware of any current regulations banning new homes with electric heating.”and now you've suddenly become an expert on the topic of French construction law… I like debating with people with opposing views, but discussing with people who are compulsive liars isn't my cup of tea. Good day.
> it doesn't allow electric convectors back in new buildings.
What part do you think bans electric heating? It’s simply not there in RE2012 or RE2020, hell people are actively talking about how RE2020 is switching to electricity from gas in new construction. I can’t prove a negative here, if you think something is banned you’re going to have to show where it’s banned.
The wider context is France is primarily on electric heating be that ultra efficient ground source heat pumps or more traditional regular heat pumps. So yes they changed the regulations recently RE2012 after achieving the desired effect and are now changing them again in RE2020.
PS: This comes back to a winder context the legacy of past subsidies don’t go away. When someone builds a wind farm or nuclear reactor with government backing even just for R&D costs and thus ends up with lower payments those lower payments stick around. Just as someone being given a house avoids mortgage payments for the next 30 years.
Clean up costs in Fukushima will total about $1 trillion.
Probability of a core melt accident in 1 year or reactor operation is apparently 1 in 3704.
Insuring for that much with zero profit margin would be $269 million per year per plant.
That's about 1.5x-2x the cost of operating a nuclear plant.
It's a lot of money to handwave away.
The most obvious French subsidy for nuclear is who pays for possible 500+ billion Euro nuclear accident. The Paris Convention and the Brussels Convention both require insurance for nuclear accidents, but cap liability to operators with the difference being made up by taxpayers.
That’s an easy to verify subsidy, as was the recent bailout for Areva S.A., I could go on but subsidies get convoluted. Pressure from the French government for people to use electric heating, well it’s in support of the nuclear industry but not really a “subsidy” or is it? Let’s say no.
What about low interest government loans? Sure that’s an obvious subsidy.