Analysis of an EU-wide Carbon Price Support
MaaU307OzNd
MaaU307OzNd
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Europe<strong>an</strong> power pl<strong>an</strong>t operators are winners <strong>of</strong> a CPS, consumers pay for it.<br />
However: Great scope for distribution due to additional revenues from CO 2<br />
certificates.<br />
Economic effects on consumers <strong>an</strong>d power pl<strong>an</strong>t operators (measured in consumer <strong>an</strong>d producer surplus), 2017-25 cumulated<br />
(+)<br />
Adv<strong>an</strong>tage<br />
by<br />
<strong>EU</strong> CPS<br />
Burden<br />
by<br />
<strong>EU</strong> CPS<br />
(-)<br />
From 2017 to 2025 a CPS will lead to distributional effects between electricity producers <strong>an</strong>d consumers:<br />
§ Europe<strong>an</strong> electricity producers will benefit with 61 billion euros, in which power pl<strong>an</strong>t operators in Fr<strong>an</strong>ce benefit the most<br />
§ Europe<strong>an</strong> consumers will be fin<strong>an</strong>cially burdened with 170.3 billion euros over this period <strong>of</strong> time<br />
§ A higher CO 2 price results in additional revenues <strong>of</strong> 86.4 billion euros from certificate trading which could be reallocated to consumers
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