UK Energy A major energy player's perspective Gareth ... - Regensw
UK Energy A major energy player’s perspective
Gareth Wynn Communications Director - Nuclear New build
1
30GW of existing capacity expected to shut by 2025, substantial investment required… Existing and under construction UK generation plant GW
Increasing need for new capacity 90 80 70 60 Gas
50 40
Coal
Oil/GT/Pumped storage
30 Coal 20 10 0 2012
Nuclear Renewables 2015
2018
2021
2024
2027
2030
To meet UK emissions reduction targets electricity generation needs to be low carbon UK greenhouse gas (GHG) emissions and decarbonisation target, MtCO2e ~570
CO2
Other
91
Industrial Business & public Residential
46
Transport
Electricity
87 74 116
~155
156 2012 actual
Source: DECC; CCC 4th Carbon Budget; EDF Energy analysis
2050 target
Current Low Carbon Generation (figures for 2011) Contribution of low-carbon electricity today
Nuclear 18% Gas 41%
Coal 29%
Wind - 4% Hydro & others - 5%
Imports - 2% Oil 1% Source: UK Energy in Brief 2012 4
The Cost of Generation – Low Carbon Options Costs of electricity production/ CfD strike prices based on recent DECC reports £/MWh (2012 prices) 180 +£10/MWh
160
140 135 - 155 120
68 - 111
100 89
80 60
95 - 100 95-100
2%
110 - 125
105 105
Large Solar PV
Biomass conversion
+£10/MWh 2%
HPC Strike price
68-111
40 20 0
CCGT
Onshore w ind
Fossil fuel plant
Offshore w ind
Low carbon plant
Hidden integration cost
Low CO2 generation can contribute to reduced dependence on fossil fuels GB generation and generation carbon intensity (DECC central view on commodity prices) TWh
gCO2/kWh
400
500 450
350
400 300 350
Gas
250
CC S
Oil / GT / Pumped storage
300
200
250
Coal
150
200 150
100
Other Renewables
Nuclear
50
100 50
Wind @ 23% 2030
2029
2028
2027
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
0 2011
0
Generation with significant exposure to volatility and long-term uncertainty in fuel costs reduced to c30% of total demand by 2030 DECC indicative target of ~100g/kWh UK Committee on Climate Change recommends ~50g/kWh to be on right path for 2050
Gas generation will still be important, but as backup to intermittent Wind. Significant technical and financial challenges in developing this capacity.
EDF Energy’s Renewables Projects EDF Energy Renewables operating assets in 2013 100% growth in 18 months 2011: 268 MW 2008: 107 MW
7
2013: 529 MW
EDF Energy’s Focus for Nuclear New Build
Sizewell Hinkley Point
8
Low-carbon power for
5,000,000 homes for 60 years…
25,000 construction jobs
…
900 operational staff… … over
10,000,000 tonnes CO
2
avoided each year
£100 million contribution annually to the local economy during peak construction… ...
1,500,000,000,000 units (kWh) of electricity
7% of the UK’s electricity needs… 9 NOT PROTECTIVELY MARKED - NNB standard presentation © March 2013 EDF Energy plc. All rights reserved
Gareth Wynn Communications Director - Nuclear New build
1
30GW of existing capacity expected to shut by 2025, substantial investment required… Existing and under construction UK generation plant GW
Increasing need for new capacity 90 80 70 60 Gas
50 40
Coal
Oil/GT/Pumped storage
30 Coal 20 10 0 2012
Nuclear Renewables 2015
2018
2021
2024
2027
2030
To meet UK emissions reduction targets electricity generation needs to be low carbon UK greenhouse gas (GHG) emissions and decarbonisation target, MtCO2e ~570
CO2
Other
91
Industrial Business & public Residential
46
Transport
Electricity
87 74 116
~155
156 2012 actual
Source: DECC; CCC 4th Carbon Budget; EDF Energy analysis
2050 target
Current Low Carbon Generation (figures for 2011) Contribution of low-carbon electricity today
Nuclear 18% Gas 41%
Coal 29%
Wind - 4% Hydro & others - 5%
Imports - 2% Oil 1% Source: UK Energy in Brief 2012 4
The Cost of Generation – Low Carbon Options Costs of electricity production/ CfD strike prices based on recent DECC reports £/MWh (2012 prices) 180 +£10/MWh
160
140 135 - 155 120
68 - 111
100 89
80 60
95 - 100 95-100
2%
110 - 125
105 105
Large Solar PV
Biomass conversion
+£10/MWh 2%
HPC Strike price
68-111
40 20 0
CCGT
Onshore w ind
Fossil fuel plant
Offshore w ind
Low carbon plant
Hidden integration cost
Low CO2 generation can contribute to reduced dependence on fossil fuels GB generation and generation carbon intensity (DECC central view on commodity prices) TWh
gCO2/kWh
400
500 450
350
400 300 350
Gas
250
CC S
Oil / GT / Pumped storage
300
200
250
Coal
150
200 150
100
Other Renewables
Nuclear
50
100 50
Wind @ 23% 2030
2029
2028
2027
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
0 2011
0
Generation with significant exposure to volatility and long-term uncertainty in fuel costs reduced to c30% of total demand by 2030 DECC indicative target of ~100g/kWh UK Committee on Climate Change recommends ~50g/kWh to be on right path for 2050
Gas generation will still be important, but as backup to intermittent Wind. Significant technical and financial challenges in developing this capacity.
EDF Energy’s Renewables Projects EDF Energy Renewables operating assets in 2013 100% growth in 18 months 2011: 268 MW 2008: 107 MW
7
2013: 529 MW
EDF Energy’s Focus for Nuclear New Build
Sizewell Hinkley Point
8
Low-carbon power for
5,000,000 homes for 60 years…
25,000 construction jobs
…
900 operational staff… … over
10,000,000 tonnes CO
2
avoided each year
£100 million contribution annually to the local economy during peak construction… ...
1,500,000,000,000 units (kWh) of electricity
7% of the UK’s electricity needs… 9 NOT PROTECTIVELY MARKED - NNB standard presentation © March 2013 EDF Energy plc. All rights reserved
