Fossil Fuel Levy

With the new restructuring, the Fossil Fuel Levy could no longer be justified in a fully competitive privatized industry. The European Union had labeled the Fossil Fuel Levy a subsidy, and had mandated that it be terminated in 1998. However, the latest restructuring also left the large Magnox liabilities (roughly 17 billion poimds un-discounted) in the public sector. 

The early economic analyses may have been based on assumptions of full market competition, rather than the sheltered market eventually created by the Fossil Fuel Levy, as discussed later in this chapter. 

Beer, J. M., A. F. Sarofim, L, D, Timothy, S. P. Hanson, A. Gupta, and J. M. Levy, "Two phase processes involved in the control of nitrogen oxide formation in fossil fuel flames," Proceedings of the Joint Symposium on Stationary Combustion NO Control, U.S. Environmental Protection Agency and Electee Power Research Institute, IERL-RTP-1086, Vol. 4, pp. 43-83, October 1980. 

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