The carbon component of the UK power price
- Fortis (Belgium). Energy and Environmental Markets
CO{sub 2} emissions trading is in full swing in Europe and is already having an impact on the price of power in the UK. If EU allowances (EUAs) trade at euro 20/t-CO{sub 2}, the EUA component in the power price is estimated to be slightly < euro 10/MW.h. In the case of UK power for delivery 1 year ahead, this is {approximately} 10% of the market price of power. The introduction of a carbon components into the UK power prices took place along before the 'official' start of ETS in 2005. Analysis of historical data of the price of power, gas, coal and EUAs shows that the first trace of a CO{sub 2} component in UK power dates back to August 2003, shortly after EUAs first started to trade. In April 2004, CO{sub 2} was fully integrated into the UK power price. 4 refs., 5 figs.
- OSTI ID:
- 20781532
- Journal Information:
- Environmental Science and Technology, Vol. 40, Issue 15; Other Information: kris.voorspools@fortis.com; ISSN 0013-936X
- Country of Publication:
- United States
- Language:
- English
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