Exclusive: France under Macron could delay nuclear cutbacks - source
Channel: Jany Home
Date: 2017-05-03

Exclusive: France under Macron could delay nuclear cutbacks - source

French presidential candidate Emmanuel Macron may delay plans to reduce the share of nuclear power in the French power mix and is considering a UK-style subsidy mechanism to build new nuclear reactors, a source close to the Macron campaign team said.

EDF shares jumped as much as 5 percent in heavy trading on the news, boosting the company's market value by about one billion euros, before closing 3.7 percent higher.

An official spokesman for Macron said the candidate would stick to the policy outlined in his campaign platform, which specifies he would respect the outgoing socialist government's target to reduce the share of nuclear in French power production to 50 percent by 2025 from about 75 percent now.