EU Commission approves UK billion-pound power backup scheme
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BRUSSELS/LONDON (Reuters) - The European Commission said on Thursday it had approved the British capacity market scheme that is designed to safeguard the security of electricity supply in the country.The scheme allows UK power companies to receive a total of roughly £1 billion to help them bear the cost of keeping extra generation available at short notice in the case of sudden supply disruptions.However, these payments have been delayed after a European court ordered the Commission to get more..