INHALT

Commission Decision (EU) 2015/658 of 8 October 2014 on the aid measure SA.34947 (2013/C) (ex 2013/N) which the United Kingdom is planning to implement for support to the Hinkley Point C nuclear power station (notified under document C(2014) 7142) (Text with EEA relevance)

COMMISSION DECISION (EU) 2015/658
of 8 October 2014
on the aid measure SA.34947 (2013/C) (ex 2013/N) which the United Kingdom is planning to implement for support to the Hinkley Point C nuclear power station
(Only the English version is authentic)
(Text with EEA relevance)
1.
2.
2.1. CONTRACT FOR DIFFERENCE
2.1.1.
2.1.2.
2.2. CREDIT GUARANTEE
2.3. SECRETARY OF STATE AGREEMENT
3.
3.1. COMMENTS RECEIVED ON THE MEASURES AS A SERVICE OF GENERAL ECONOMIC INTEREST
3.2. COMMENTS RECEIVED ON THE EXISTENCE OF AID
3.3. COMMENTS RECEIVED ON THE OBJECTIVES OF COMMON INTEREST, THE MARKET FAILURES AND THE NEED FOR STATE INTERVENTION
3.4. COMMENTS RECEIVED ON THE APPROPRIATENESS AND THE INCENTIVE EFFECT OF THE MEASURES
3.5. COMMENTS RECEIVED ON THE PROPORTIONALITY OF THE MEASURES
3.6. COMMENTS RECEIVED ON POTENTIAL DISTORTIONS TO COMPETITION AND TRADE BETWEEN MEMBER STATES
3.7. COMMENTS RECEIVED ON THE CREDIT GUARANTEE
3.8. OTHER COMMENTS RECEIVED
4.
4.1. COMMENTS RECEIVED ON THE EXISTENCE OF STATE AID AND SGEI
4.2. COMMENTS RECEIVED ON THE OBJECTIVES OF COMMON INTEREST
4.3. COMMENTS RECEIVED ON THE MARKET FAILURES AND THE NEED FOR STATE INTERVENTION
4.4. COMMENTS RECEIVED ON THE APPROPRIATENESS AND THE INCENTIVE EFFECT OF THE MEASURES
4.5. COMMENTS RECEIVED ON THE PROPORTIONALITY OF THE MEASURES
4.6. COMMENTS RECEIVED ON THE POTENTIAL FOR DISTORTIONS TO COMPETITION AND TRADE BETWEEN MEMBER STATES
5.
5.1. COMMENTS RECEIVED ON THE OBJECTIVES OF COMMON INTEREST
5.2. COMMENTS RECEIVED ON THE NEED FOR STATE INTERVENTION AND MARKET FAILURES
5.3 COMMENTS RECEIVED ON THE APPROPRIATENESS AND THE INCENTIVE EFFECT OF THE MEASURES
5.4. COMMENTS RECEIVED ON THE PROPORTIONALITY OF THE MEASURES
5.5. COMMENTS RECEIVED ON THE POTENTIAL FOR DISTORTIONS TO COMPETITION AND TRADE BETWEEN MEMBER STATES
6.
6.1. EXISTENCE OF AID AND SGEI
6.2. OBJECTIVES OF COMMON INTEREST
6.3. MARKET FAILURES AND NEED FOR STATE INTERVENTION
6.4. APPROPRIATE OF THE INSTRUMENT AND INCENTIVE EFFECT
6.5 PROPORTIONALITY OF THE MEASURES
6.6. DISTORTIONS TO COMPETITION AND TRADE BETWEEN MEMBER STATES
6.7. OTHER COMMENTS
7.
7.1. STATE AID WITHIN THE MEANING OF ARTICLE 107(1) OF THE TREATY
7.2. THE OPENING DECISION
7.3. THE CONTRACT FOR DIFFERENCE: EXISTENCE OF AN ADVANTAGE
7.4. EXISTENCE OF AN SGEI
7.5. CONCLUSION OF THE ASSESSMENT UNDER ART 107(1) TFEU BASED ON THE ‘ALTMARK’ CRITERIA
7.6. EXISTENCE OF AID WITHIN THE MEANING OF ARTICLE 107(1) OF THE TFEU: COMPENSATION IN CASE OF POLITICAL SHUTDOWN (SECRETARY OF STATE AGREEMENT)
7.7. CFD AND SECRETARY OF STATE AGREEMENT: STATE RESOURCES AND IMPUTABILITY TO THE STATE
7.8. THE CREDIT GUARANTEE: EXISTENCE OF AN ADVANTAGE FUNDED THROUGH STATE RESOURCES AND IMPUTABLE TO THE STATE
7.9. DISTORTION OF COMPETITION AND EFFECT ON TRADE
7.10. GENERAL CONCLUSION ON THE EXISTENCE OF AID
8.
9.
9.1. COMPATIBILITY WITH EXISTING MARKET REGULATION
9.2. OBJECTIVES OF COMMON INTEREST
9.3. MARKET FAILURES AND NEED FOR STATE INTERVENTION
9.4. APPROPRIATE INSTRUMENTS AND INCENTIVE EFFECT
9.5. PROPORTIONALITY
9.5.1.
9.5.1.1
9.5.1.2
9.5.2.
9.5.2.1
9.5.2.2
9.5.3.
9.5.3.1
9.5.3.2
9.5.3.3
9.6. POTENTIAL DISTORTIONS TO COMPETITION AND TRADE
9.6.1.
9.6.2.
9.6.3.
9.6.4.
9.6.5.
9.6.6.
10.
Article 1
Article 2
ANNEX A
ANNEX B
1.
2.
3.
ANNEX C
TRADING COMMITMENT
EQUITY GAINSHARE MECHANISM
1.
2.
3.
4.
5.
CONSTRUCTION GAINSHARE MECHANISM
1.
2.