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Fri Oct 9, 2015, 07:26 PM

EU regulators wave through UK nuclear waste clean-up price plan

Source: Reuters

Britain won EU regulatory approval on Friday for a pricing model to set the cost of disposing of nuclear waste that environmentalists say is too generous to nuclear power plant operators and punishing for taxpayers.

Nuclear energy is a sensitive political issue in Europe that pits the European Union's biggest economy Germany - and its plans to phase out atomic energy and pin costs on its utilities - against supporters of the energy source, such as Britain and France.

Britain wants to build a facility to store nuclear waste, with the operating date planned around 2040 and disposal expected to start around 2075 and last until 2140.

It sought approval from the European Commission for a pricing formula that limits the price that plant operators will pay for disposing of nuclear waste.

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Read more: http://uk.reuters.com/article/2015/10/09/uk-eu-britain-nuclear-idUKKCN0S32BW20151009

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