EDF Energy - Finance
EDF Energy - Finance
EDF Energy - Finance
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Carbon price support<br />
Power price - Illustrative impact of carbon price support<br />
£/MWh<br />
100<br />
80<br />
60<br />
40<br />
20<br />
DECC low gas,<br />
CO 2 price scenarios<br />
Introduction £30/t £70/t<br />
0<br />
2010 2015 2020 2025 2030<br />
DECC low<br />
prices with CPF<br />
DECC medium<br />
price scenarios<br />
DECC medium<br />
prices with CPF<br />
• Description<br />
• Removing exemptions for fossil<br />
fuels in generation from Climate<br />
Change Levy<br />
• Top-up referenced against<br />
EU ETS prices<br />
• Trajectory outlined to 2030<br />
• Implications<br />
• Clear carbon price signal<br />
• Power price impact depends on<br />
underlying ETS and power prices<br />
• A balancing act:<br />
• Encouraging new low carbon<br />
investment<br />
• Maintaining flexible fossil capacity<br />
• Impact on customer bills<br />
Note: Assuming gas generation plants as price-setters<br />
Source: DECC gas price projections and carbon price projections (June 2010); <strong>EDF</strong> <strong>Energy</strong> Corporate Strategy modelling<br />
Source: HM Tresuary carbon price floor consultation
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