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Title: The carbon component of the UK power price

Abstract

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.

Authors:
 [1]
  1. Fortis (Belgium). Energy and Environmental Markets
Publication Date:
OSTI Identifier:
20781532
Resource Type:
Journal Article
Journal Name:
Environmental Science and Technology
Additional Journal Information:
Journal Volume: 40; Journal Issue: 15; Other Information: kris.voorspools@fortis.com; Journal ID: ISSN 0013-936X
Country of Publication:
United States
Language:
English
Subject:
20 FOSSIL-FUELED POWER PLANTS; 29 ENERGY PLANNING, POLICY AND ECONOMY; EMISSIONS TRADING; POWER GENERATION; ECONOMIC IMPACT; CARBON DIOXIDE; UNITED KINGDOM; EUROPE; PRICES; ELECTRIC POWER

Citation Formats

Voorspools, Kris. The carbon component of the UK power price. United States: N. p., 2006. Web. doi:10.1021/es062747g.
Voorspools, Kris. The carbon component of the UK power price. United States. https://doi.org/10.1021/es062747g
Voorspools, Kris. 2006. "The carbon component of the UK power price". United States. https://doi.org/10.1021/es062747g.
@article{osti_20781532,
title = {The carbon component of the UK power price},
author = {Voorspools, Kris},
abstractNote = {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.},
doi = {10.1021/es062747g},
url = {https://www.osti.gov/biblio/20781532}, journal = {Environmental Science and Technology},
issn = {0013-936X},
number = 15,
volume = 40,
place = {United States},
year = {Tue Aug 01 00:00:00 EDT 2006},
month = {Tue Aug 01 00:00:00 EDT 2006}
}