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About: http://data.cimple.eu/news-article/faf6c9c367652d419392cd1f7cff584a98c16d96c4c57b6cf6e621e5 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Germany's highest court said Thursday the government must revise the terms of compensation paid to energy companies forced to switch out of nuclear power to include their investment costs. Ruling on a case brought by Swedish group Vattenfall, the constitutional court found a payout condition set by Berlin in 2018 to be "unreasonable" as it would require energy companies to make the change first before getting compensation. Vattenfall welcomed the decision, saying the 2018 decision "did not even begin to meet the requirements of the constitutional court" and that "new regulation requires substantial improvements". Berlin in 2018 agreed to give hundreds of millions of euros in compensation to energy companies including RWE and E.On, bringing the country into compliance with a 2016 court ruling that found energy suppliers had a right to financial payouts over Chancellor Angela Merkel's U-turn on nuclear energy. Merkel's government, which had earlier championed atomic power, decided in the wake of Japan's 2011 Fukushima disaster to immediately close eight of Germany's oldest nuclear plants and to shutter the other nine by 2022. RWE and Vattenfall sued the government, arguing that their investments in nuclear energy deserved compensation. Although Germany's constitutional court found that the government did nothing illegal, it agreed with the energy firms that they should receive "appropriate" compensation, for which German legislation had so far failed to provide. edf/hmn/bmm
schema:headline	German court demands govt review compensation for nuclear exit
schema:mentions	RWE Federal Constitutional Court EDF Energy Fukushima Daiichi nuclear disaster U-turn Nuclear power Angela Merkel Berlin Sweden Germany Japan Vattenfall E.ON Energy industry
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-12 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	93 (xsd:integer)

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