The future role of natural gas in Europe and the world. Stefan Judisch Supply & Trading GmbH 4 th September 2014

Size: px
Start display at page:

Download "The future role of natural gas in Europe and the world. Stefan Judisch Supply & Trading GmbH 4 th September 2014"

Transcription

1 The future role of natural gas in Europe and the world Stefan Judisch Supply & Trading GmbH 4 th September 204 RWE Supply & Trading 28/08/204 PAGE 0

2 Gas will take over the role of oil, while the growth of oil demand driven by mobility will stop Fundamentals are compelling for gas displacing oil in transport Global transport gas demand (bcm) Source: Wood Mackenzie LNG Other > Former growth of oil demand was mainly driven by the mobility sector > The heavy duty transport sector trucks/buses/marine is the biggest market and diesel/gasoil will be most impacted > Decreasing oil demand is also provoked by more efficient technologies due to strict climate protection targets and a changing mobility behaviour of people living in metropolises RWE Supply & Trading 28/08/204 PAGE

3 First the liquid and then the solid carbon fuel market will be exposed to declining consumption Renewable additions are squeezing the gas share of the global generation capacity Share of global generation capacity Renewables Gas Source: EIA RWE Supply & Trading 28/08/204 PAGE 2

4 because renewable generation is becoming favourable compared to other fossils 0.8 Levelised cost of electricity ( /kwh) in Germany PV small PV utility Wind onshore Lignite Hard coal Combined cycle Oil small 2 Oil utility 2 Full cost 2 World price Source: Frauenhofer, November 203 RWE Supply & Trading 28/08/204 PAGE 3

5 Electricity demand will continue to grow globally However, supply increase from renewables will outpace electricity demand growth in Europe Development in Europe (TWh) Conventional generation to be squeezed out Renewables generation Power demand EU 28 Source: EIA RWE Supply & Trading 28/08/204 PAGE 4

6 Will the cost decline in batteries be as fast as in solar panels? Large potential for cost reduction once hand crafted small batch series are fully automated and storage systems are mass produced Price expectations for different battery systems/applications ( /kwh) PV ESS system (retail) Stationary systems (wholesale) Battery pack (electric vehicles) Cells (electric vehicles) Source: RWTH Aachen, ISEA, RWE AG, CON-T 2030 > Automated large scale cell/battery production will be the main driver for expected cost reduction going forward > More experience, better/new technologies and chemistry will improve economics and lead to lower investment costs > Battery industry will consolidate and established manufacturers will shift production to lower-cost regions such as China RWE Supply & Trading 28/08/204 PAGE 5

7 The structural changes we are currently facing in Europe are only the overture of a global structural shift in the energy markets Development of European renewables capacity since 2005 (GW) Wind Solar OECD Europe Source: IEA RWE Supply & Trading 28/08/204 PAGE 6

8 This is how the global wind and solar capacity increase is projected from now on Forecast of global renewables capacity from 205 (GW) Wind Solar Source: IEA RWE Supply & Trading 28/08/204 PAGE 7

9 The penetration of electricity in European home heating sector will grow taking market share mainly from gas > Local heating systems will increasingly offer flexibility in the heat versus electricity output > The increased electrification of everyday life implies that electricity is replacing other forms of primary energy, mainly gas and heating oil As an examples, sales prognosis of heat pumps in Germany (thousands) Scenario Scenario Projected saving of primary energy sources from heat pumps in Germany by 2020 (TWh) Source: Bundesverband Wärmepumpen e.v. Branchenstudie Scenario Scenario RWE Supply & Trading 28/08/204 PAGE 8

10 Gas demand in Europe is foreseen to increase only marginally But indigenous production is decreasing, provoking an incremental need for gas imports via pipelines and/or LNG from outside Europe European gas demand versus supply (bcm) European 2 gas demand per sector (bcm) Demand Indigenous production Required pipeline gas/lng Residential/commercial Industry Power Own use/losses Excluding Turkey Source: HIS, July Including Turkey Source: HIS, July 204 RWE Supply & Trading 28/08/204 PAGE 9

11 Former growth forecasts for European gas demand have been revised downwards 2020 demand prognosis for Europe (bcm) EIA IEA BP > Current gas demand is much lower than at the beginning of this decade > Actual development is heavily dependent on political and general regulations Subsidy schemes for renewable power generation Price setting schemes for carbon emissions Price of coal Price of batteries EIA/IEA projections refer to OECD Europe, BP projection includes Eurasia RWE Supply & Trading 28/08/204 PAGE 0

12 Also, the political issues around gas supply don t contribute to gas being the fuel of choice RWE Supply & Trading 28/08/204 PAGE

13 Key lessons and potential implications The importance of gas as a fuel for energy generation is increasingly jeopardised by renewables > What was once thought to only impact the European market is now increasingly becoming a global development driven by economics > The renewable energy evolution will have similar implications on world politics as the US shale gas boom and the economic rise of China > The recovery of the gas market will be slow, if it recovers at all, as losses in demand are structural rather than temporary RWE Supply & Trading 28/08/204 PAGE 2

OUTLOOK FOR NATURAL GAS IN EUROPE

OUTLOOK FOR NATURAL GAS IN EUROPE 6th German-Norwegian Energy Conference OUTLOOK FOR NATURAL GAS IN EUROPE Dr. Berit Tennbakk, Partner, RETROSPECT FALLING AND CONVERGING GAS PRICES HISTORICAL DEVELOPMENT MAIN DRIVERS Financial crisis Fukushima

More information

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable

More information

Energy Megatrends 2020

Energy Megatrends 2020 Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source

More information

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009

World Energy Outlook 2009. Presentation to the Press London, 10 November 2009 World Energy Outlook 29 Presentation to the Press London, 1 November 29 The context The worst economic slump since the 2 nd World War & signs of recovery but how fast? An oil price collapse & then a rebound

More information

LONG-TERM OUTLOOK FOR GAS TO 2 35

LONG-TERM OUTLOOK FOR GAS TO 2 35 LONG-TERM OUTLOOK FOR GAS TO 2 35 Eurogas is the association representing the European gas wholesale, retail and distribution sectors. Founded in 1990, its members are some 50 companies and associations

More information

Critical Policy Options to Protect Industry Competitiveness

Critical Policy Options to Protect Industry Competitiveness Critical Policy Options to Protect Industry Competitiveness Graham Weale Chief Economist, RWE AG IEA Energy Business Council Meeting, Paris 4 th June 2013 RWE Group a leading European energy utility >

More information

Summary of the Impact assessment for a 2030 climate and energy policy framework

Summary of the Impact assessment for a 2030 climate and energy policy framework Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment

More information

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems

RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets

More information

London, 10 November 2015

London, 10 November 2015 London, 10 November 2015 The start of a new energy era? 2015 has seen lower prices for all fossil fuels Oil & gas could face second year of falling upstream investment in 2016 Coal prices remain at rock-bottom

More information

Implications of Abundant Natural Gas

Implications of Abundant Natural Gas Implications of Abundant Natural Gas JAE EDMONDS AND HAEWON MCJEON APRIL 2013 May 29, 2013 1 Background May 29, 2013 2 The natural gas revolution The application of technologies for accessing unconventional

More information

Offshore Wind: some of the Engineering Challenges Ahead

Offshore Wind: some of the Engineering Challenges Ahead Offshore Wind: some of the Engineering Challenges Ahead David Infield CDT in Wind Energy Systems Institute of Energy and Environment University of Strathclyde International context (from IPCC report) Greenhouse

More information

The Energy Transition in Germany Past, Present and Future

The Energy Transition in Germany Past, Present and Future The Energy Transition in Germany Past, Present and Future smart energy Paraná, Conferência International 2014 9 May 2014 Dr. Carsten Tschamber A Brief History of the Energiewende 1973 - oil crisis, Federal

More information

Please address your inquiries to balances@iea.org.

Please address your inquiries to balances@iea.org. Excerpt from: ii - EXCERPT FROM ENERGY BALANCES OF OECD COUNTRIES (215 edition) The following analysis is an excerpt from the publication Energy Balances of OECD Countries (215 edition). Please note that

More information

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency

World Energy Outlook 2007: China and India Insights. www.worldenergyoutlook.org International Energy Agency World Energy Outlook 27: China and India Insights www.worldenergyoutlook.org International Energy Agency Why Focus on China & India? Increase in World Primary Energy Demand, Imports & Energy-Related CO

More information

Energy Prices. Presented by: John Heffernan

Energy Prices. Presented by: John Heffernan Global Wholesale Energy Prices Presented by: John Heffernan Energy in 2012 In 2012, the growth in Energy consumption slowed in 2012 90% of this growth came from China & India Consumption & production of

More information

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE The Danish Levelized Cost of Energy Calculator Low carbon transition is a multifaceted challenge involving political, technical and economic elements. Denmark

More information

Analysis of electricity production in EU-28 up to 2014 with a focus on renewables

Analysis of electricity production in EU-28 up to 2014 with a focus on renewables Renewables International. www.renewablesinternational.net Analysis of electricity production in EU-28 up to 2014 with a focus on renewables Bernard CHABOT BCCONSULT, Garbejaire B107, 06560 VALBONNE, France

More information

Disclaimer. 2016 Energy Outlook 1

Disclaimer. 2016 Energy Outlook 1 Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth, population and productivity growth, energy consumption, energy efficiency, policy

More information

2014 BP Madrid forum on energy & sustainability BP 2014

2014 BP Madrid forum on energy & sustainability BP 2014 14 BP Madrid forum on energy & sustainability BP 14 Contents Global energy trends Liquid fuels Refining implications European focus Energy Outlook 35 BP 14 Primary energy consumption growth slows and the

More information

Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario

Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario Medium and Long Term Natural Gas Outlook CEDIGAZ February 215 Global growth rates Macroeconomic indicators CEDIGAZ Reference Scenario 4 3 %/year 199-213 213-235 6 Main consuming markets - %/year (213-235)

More information

UNECE Energy Week Geneva. in Energy Security

UNECE Energy Week Geneva. in Energy Security UNECE Energy Week Geneva Investing in Energy Security Committee on Sustainable Energy and related Meetings Wednesday 28 November 2007 Special Session: Investing in and Financing the Hydrocarbon Sector

More information

Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management

Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management Research letter n 09/03 October 2009 http://www.carbonium.fr/pdf/research0903.pdf CONTENTS Interview: Aurélie Faure, Financial Analyst at Dexia Asset Management... p. 1 Hot topics in Copenhagen... p. 3

More information

Fuel cell microchp: Greener and cheaper energy for all

Fuel cell microchp: Greener and cheaper energy for all Fuel cell microchp: Greener and cheaper energy for all Paddy Thompson General Manager Business Development Ceramic Fuel Cells Ltd. May 2013 1 What does our generation mix look like today? 2 Will the lights

More information

Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin

Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin Is natural gas the key energy for a low carbon future? 16 September, 2015 BP Forum, Berlin Opening remarks Good morning / afternoon everyone. I am very grateful for the invitation to join you and I am

More information

Photovoltaics and Solar Thermal Energy in Germany: Market Development, Applications, Industry and Technology

Photovoltaics and Solar Thermal Energy in Germany: Market Development, Applications, Industry and Technology Photovoltaics and Solar Thermal Energy in Germany: Market Development, Applications, Industry and Technology Gerhard Stryi-Hipp Managing Director BSW - Bundesverband Solarwirtschaft e.v. German Solar Industry

More information

Is Germany in the slow lane for low carbon heat?

Is Germany in the slow lane for low carbon heat? Is Germany in the slow lane for low carbon heat? Our latest research challenges the conventional wisdom that the best growth opportunities for low carbon heat in Europe are in Germany Delta-ee Whitepaper

More information

Netherlands National Energy Outlook 2014

Netherlands National Energy Outlook 2014 Netherlands National Energy Outlook 2014 Summary Michiel Hekkenberg (ECN) Martijn Verdonk (PBL) (project coordinators) February 2015 ECN-E --15-005 Netherlands National Energy Outlook 2014 Summary 2 The

More information

BP Energy Outlook 2035

BP Energy Outlook 2035 BP February 215 bp.com/energyoutlook #BPstats Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth, population growth, energy consumption,

More information

Impact of Changing Energy Patterns on EU Competitiveness Giovanni Brianza 30 April 2014 Energy prices in EU Gas prices in major EU manufacturing economies 2 3 times higher than in the US...... and industrial

More information

Energy White Paper at a glance

Energy White Paper at a glance and Science Energy White Paper at a glance WWW. i Energy White Paper at a glance The Australian Government made an election commitment to deliver an Energy White Paper to give industry and consumers certainty

More information

Germany Energy efficiency report

Germany Energy efficiency report Germany Energy efficiency report Objectives: 231 TWh of end-user energy savings by 216 Overview 29 2-29 (% / year) Primary intensity (EU=1) 1 99 + -1.3% - CO 2 intensity (EU=1) 16 - -1.6% - CO 2 emissions

More information

WP1 Task 1 The Drivers of Electricity Demand and Supply

WP1 Task 1 The Drivers of Electricity Demand and Supply PROJECT NO 518294 SES6 CASES COST ASSESSMENT OF SUSTAINABLE ENERGY SYSTEMS Observatoire Méditerranéen de l Energie WP1 Task 1 The Drivers of Electricity Demand and Supply Version April 2007 1. Drivers

More information

Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today.

Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Good afternoon, and thanks to the Energy Dialogue for your kind invitation to speak today. Europe is at the forefront of a global transition to a cleaner energy economy. At the same time globally energy

More information

UK Energy Statistics

UK Energy Statistics PRESS NOTICE Reference: 2014/016 STATISTICAL PRESS RELEASE Date: 27 March 2014 UK Energy Statistics Energy Trends and Quarterly Energy Prices publications are published today 27 March 2014 by the Department

More information

CHINA 2050 HIGH RENEWABLE ENERGY PENETRATION SCENARIO AND RODAMAP STUDY

CHINA 2050 HIGH RENEWABLE ENERGY PENETRATION SCENARIO AND RODAMAP STUDY 国 家 发 展 和 改 革 委 员 会 能 源 研 究 所 Energy Research Institute National Development and Reform Commission CHINA 2050 HIGH RENEWABLE ENERGY PENETRATION SCENARIO AND RODAMAP STUDY CHINA NATIONAL RENEWABLE ENERGY

More information

Energy & Environment Market Trends, Smart Technologies, New Fuels, Future Business Models and Growth Opportunities

Energy & Environment Market Trends, Smart Technologies, New Fuels, Future Business Models and Growth Opportunities & Environment Market Trends, Technologies, New Fuels, Future Business Models and Growth Opportunities September 2014 OUR COVERAGE & VISION: IDENTIFYING OPPORTUNITIES FROM UPSTREAM TO POINT OF USE Oil &

More information

Volatility, risk and risk premium in German and Continental power markets

Volatility, risk and risk premium in German and Continental power markets Volatility, risk and risk premium in German and Continental power markets Stefan Judisch / Andree Stracke RWE Supply & Trading GmbH 22 nd January 2015 RWE Supply & Trading PAGE 0 Agenda 1. What are the

More information

Annex 5A Trends in international carbon dioxide emissions

Annex 5A Trends in international carbon dioxide emissions Annex 5A Trends in international carbon dioxide emissions 5A.1 A global effort will be needed to reduce greenhouse gas emissions and to arrest climate change. The Intergovernmental Panel on Climate Change

More information

7 th TYNDP WS. The role of storage in a liberalized market. Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage.

7 th TYNDP WS. The role of storage in a liberalized market. Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage. 7 th TYNDP WS The role of storage in a liberalized market Georg Dorfleutner RAG Energy Storage GmbH www.rag-energy-storage.at Unbundled SSO since 1.1.2013 Operating a storage-pool in Austria - CEGH TOV:

More information

Anita Rønne. Análisis del marco normativo de las redes inteligentes en Europa The European legal framework for smart grids

Anita Rønne. Análisis del marco normativo de las redes inteligentes en Europa The European legal framework for smart grids Análisis del marco normativo de las redes inteligentes en Europa The European legal framework for smart grids Anita Rønne Faculty of Law, University of Copenhagen Member of the Energy Regulatory Authority

More information

Saving energy: bringing down Europe s energy prices

Saving energy: bringing down Europe s energy prices Saving energy: bringing down Europe s energy prices Saving energy: bringing down Europe s energy prices By: Dr. Edith Molenbroek, Prof. Dr. Kornelis Blok Date: May 2012 Project number: BUINL12344 Ecofys

More information

Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor

Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014 Mr. Henrik Breum Special Advisor Agenda Danish Energy Model RE Policy Tools Introduction The Danish Energy Model Past, now

More information

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy

More information

Avoiding fossil fuel costs with wind energy

Avoiding fossil fuel costs with wind energy Avoiding fossil fuel costs with wind energy A report by the European Wind Energy Association - March 2014 Avoiding fossil fuel costs with wind energy Data collection and analysis: Athanasia Arapogianni,

More information

CRITICAL THINKING AT THE CRITICAL TIME. Cheap Fossil. on Renewable

CRITICAL THINKING AT THE CRITICAL TIME. Cheap Fossil. on Renewable CRITICAL THINKING AT THE CRITICAL TIME Cheap Fossil Fuels Impact on Renewable Energy 1 Where we are today 3 Impact on wind and solar 6 What s next? 9 How Can FTI Consulting help? 2 FTI Consulting, Inc.

More information

How To Understand The Global Energy Picture

How To Understand The Global Energy Picture Energy Perspectives 215 Long-term macro and market outlook Press seminar, Oslo, June 215 Eirik Wærness, Chief economist 2 Energy Perspectives 215 Macro and market outlook to 2 www.statoil.com/energyperspectives

More information

Some micro- and macro-economics of offshore wind*

Some micro- and macro-economics of offshore wind* Some micro- and macro-economics of offshore wind* EPSRC SUPERGEN Wind Energy Hub University of Strathclyde May 2016 Fraser of Allander Institute Energy Modelling Team Fraser of Allander Institute Department

More information

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate

More information

Contents. Wind power sector facts. Growth drivers. Immediate challenges. Innovative and global response

Contents. Wind power sector facts. Growth drivers. Immediate challenges. Innovative and global response Wind power sector 'Keys to competitiveness on the international stage ESADE-Deloitte Jorge Calvet, Chairman of Gamesa Madrid, 1 July 2010 Contents 5 5 5 1 Wind power sector facts Growth drivers Immediate

More information

Fact Sheet on China s energy sector and Danish solutions

Fact Sheet on China s energy sector and Danish solutions Fact Sheet on China s energy sector and Danish solutions 1. EXPANSION WITH RENEWABLE ENERGY: China focuses on a massive expansion with non fossil energy that is renewable energy and nuclear energy. The

More information

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030

NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030 1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European

More information

OFFSHORE WIND ENERGY IS GETTING CHEAPER

OFFSHORE WIND ENERGY IS GETTING CHEAPER OFFSHORE WIND ENERGY IS GETTING CHEAPER Market foresight and scale drive the cost down Dansk Energi, January 14, 2016 Sune Strøm, Manager, Regulatory Affairs Wind Power Offshore wind is closing in on the

More information

IEA-IEF-OPEC Outlook Comparison

IEA-IEF-OPEC Outlook Comparison IEA-IEF-OPEC Outlook Comparison Richard Newell, Director, Duke University Energy Initiative Gendell Professor of Energy and Environmental Economics, Nicholas School of the Environment Sixth IEA-IEF-OPEC

More information

SMARTGRID Roadmap 1.

SMARTGRID Roadmap 1. SMARTGRID Roadmap 1. Introduction to the Smart Grid Roadmap to 25 Ireland faces the same long term energy challenges as the rest of the world: a need to move towards competitively priced, environmentally

More information

Levelized Cost of New Electricity Generating Technologies

Levelized Cost of New Electricity Generating Technologies Levelized Cost of New Electricity Generating Technologies The Energy Information Administration (EIA) produces forecasts of energy supply and demand for the next 20 years using the National Energy Modeling

More information

Sustainable Energy Pathways in the South Caucasus: Opportunities for Development and Political Choices

Sustainable Energy Pathways in the South Caucasus: Opportunities for Development and Political Choices Sustainable Energy Pathways in the South Caucasus: Opportunities for Development and Political Choices Key Findings of HBS SC`s Regional Energy Study Reform Group Meeting 2015, Salzburg Tamar Antidze Program

More information

Role of Natural Gas in a Sustainable Energy Future

Role of Natural Gas in a Sustainable Energy Future Role of Natural Gas in a Sustainable Energy Future Alexander Medvedev, Deputy Chairman of Gazprom Management Committee, Director General of Gazprom Export 2 nd Ministerial Gas Forum Doha, 30 November 2010

More information

Issue. September 2012

Issue. September 2012 September 2012 Issue In a future world of 8.5 billion people in 2035, the Energy Information Administration s (EIA) projected 50% increase in energy consumption will require true all of the above energy

More information

Changes in regulated electricity prices from 1 July 2012

Changes in regulated electricity prices from 1 July 2012 Independent Pricing and Regulatory Tribunal FACT SHEET Changes in regulated electricity prices from 1 July 2012 Based on Final Determination, 13 June 2012 The Independent Pricing and Regulatory Tribunal

More information

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries

More information

UK Energy Statistics, Q3 2015

UK Energy Statistics, Q3 2015 PRESS NOTICE STATISTICAL PRESS RELEASE Date: 22 December 2015 UK Energy Statistics, Q3 2015 Energy Trends and Energy Prices publications are published today 22 December 2015 by the Department of Energy

More information

Disclaimer. Energy Outlook 2030 2

Disclaimer. Energy Outlook 2030 2 January 213 Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth, population growth, energy consumption, policy support for renewable energies

More information

Technology Fact Sheet for Mitigation

Technology Fact Sheet for Mitigation Technology Fact Sheet for Mitigation Solar PV systems (>1MW) i Technology: Solar PV systems (>1MW) Sector : Energy Subsector : Technology characteristics Introduction Solar photovoltaic, or simply photovoltaic

More information

China s CO2 Emission Scenario Toward 2 degree global target. Jiang Kejun. Energy Research Institute, China

China s CO2 Emission Scenario Toward 2 degree global target. Jiang Kejun. Energy Research Institute, China China s CO2 Emission Scenario Toward 2 degree global target Jiang Kejun Energy Research Institute, China PUBLIC CONFERENCE Victoria University, Thursday 26 June, 214 1 ERI, China Framework of Integrated

More information

Tax Credit Extension: Impact on Renewables Investment and Emissions Outcomes

Tax Credit Extension: Impact on Renewables Investment and Emissions Outcomes CONCORD, MA - WASHINGTON, DC 47 Junction Square Drive Concord, MA 01742 978-369-5533 www.mjbradley.com MJB&A Issue Brief March 7, 2016 Tax Credit Extension: Impact on Renewables Investment and Emissions

More information

A Cheaper Renewable Alternative for Belarus

A Cheaper Renewable Alternative for Belarus A Cheaper Renewable Alternative for Belarus Issue paper from INFORSE-Europe 1, by Gunnar Boye Olesen, July 2011 Summary Following the increasing fossil energy prices, the country of Belarus is struggling

More information

LONG-TERM STRATEGY THROUGH LOW-CARBON TRANSITION

LONG-TERM STRATEGY THROUGH LOW-CARBON TRANSITION LONG-TERM STRATEGY THROUGH LOW-CARBON TRANSITION IEA, Paris July 7 th, 2015 Edouard SAUVAGE Group Strategy Director GDF SUEZ, a global energy player becoming ENGIE Key figures 2014 74,7 billion turnover

More information

BP Energy Outlook 2035

BP Energy Outlook 2035 BP January 2014 bp.com/energyoutlook #BPstats Disclaimer This presentation contains forward-looking statements, particularly those regarding global economic growth, population growth, energy consumption,

More information

Security of electricity supply

Security of electricity supply Security of electricity supply Definitions, roles & responsibilities and experiences within the EU Thomas Barth Chairman of Energy Policy & Generation Committee EURELECTRIC Outline Security of Supply a

More information

STORAGE IS THE FUTURE: MAKING THE MOST OF BATTERIES

STORAGE IS THE FUTURE: MAKING THE MOST OF BATTERIES STORAGE IS THE FUTURE: MAKING THE MOST OF BATTERIES Dr Jonathan Radcliffe, Senior Research Fellow And Policy Director Birmingham Energy Institute Value Of Energy Storage And Aggregation To UK Grid, 10

More information

GDF SUEZ. Introduction. Jean-François Cirelli

GDF SUEZ. Introduction. Jean-François Cirelli GDF SUEZ Introduction Jean-François Cirelli Content 1. Focus on gas market dynamics 2. Focus on electricity market dynamics 3. Focus on P&L resilience and sensitivities 4. Focus on synergies and performance

More information

Saving energy: bringing down Europe s energy prices for 2020 and beyond

Saving energy: bringing down Europe s energy prices for 2020 and beyond Saving energy: bringing down Europe s energy prices for 2020 and beyond Saving energy: bringing down Europe s energy prices for 2020 and beyond By: Dr Edith Molenbroek, Prof. Dr Kornelis Blok Date: February

More information

WORLD ENERGY OUTLOOK 2014 FACTSHEET How will global energy markets evolve to 2040?

WORLD ENERGY OUTLOOK 2014 FACTSHEET How will global energy markets evolve to 2040? How will global energy markets evolve to 2040? In the New Policies Scenario, energy demand grows by 37% to 2040 on planned policies, an average rate of growth of 1.1%. Demand grew faster over the previous

More information

EU renewable energy and biofuel targets what will they mean?

EU renewable energy and biofuel targets what will they mean? EU renewable energy and biofuel targets what will they mean? Background The EU Commission has today tabled proposals for reductions in carbon dioxide emissions a 20% cut by 2020. Alongside this legally

More information

Impacts of large-scale solar and wind power production on the balance of the Swedish power system

Impacts of large-scale solar and wind power production on the balance of the Swedish power system Impacts of large-scale solar and wind power production on the balance of the Swedish power system Joakim Widén 1,*, Magnus Åberg 1, Dag Henning 2 1 Department of Engineering Sciences, Uppsala University,

More information

Smart Cities and Sustainable Technology

Smart Cities and Sustainable Technology Smart Cities and Sustainable Technology Liam Mulligan Head of Mobility and Sustainability Siemens Ltd. Cities are the growth engines for their national economies Megatrends imply significant challenges

More information

The Clean Power Plan and Reliability

The Clean Power Plan and Reliability The Clean Power Plan and Reliability PRESENTED TO National Governors Association Jurgen Weiss May 6, 2015 Copyright 2015 The Brattle Group, Inc. Disclaimers and Caveats The views expressed in this presentation

More information

Electricity & Gas Energy & Energy Services

Electricity & Gas Energy & Energy Services Electricity & Gas Energy & Energy Services International Development Executive Training Programme for Young Energy Leaders Energy Charter Secretariat Brussels 29 October 2013 César Ortiz Sotelo Deputy

More information

The Scissors Effect: How structural trends and government intervention are damaging major European electricity companies and affecting consumers

The Scissors Effect: How structural trends and government intervention are damaging major European electricity companies and affecting consumers August 2015 : How structural trends and government intervention are damaging major European electricity companies and affecting consumers OIES PAPER: EL 14 Dr. David Robinson* The contents of this paper

More information

Technical, environmental and financing parameters favour natural gas over coal

Technical, environmental and financing parameters favour natural gas over coal 9 EXECUTIVE SUMMARY This report reviews gas and coal competition in the EU power sector. It looks at recent developments and analyses the key drivers determining the future dynamics of this competition:

More information

Distributed Energy Resource Options and The Importance of The Electric Power Grid

Distributed Energy Resource Options and The Importance of The Electric Power Grid Distributed Energy Resource Options and The Importance of The Electric Power Grid David K. Owens Executive Vice President Edison Electric Institute National Conference of State Legislatures Webinar on

More information

The role of gas in New Zealand s energy future?

The role of gas in New Zealand s energy future? The role of gas in New Zealand s energy future? PLACE IMAGE HERE Mike Underhill, Chief Executive Gas Industry Conference 24 October 2013 Global perspective what s happening with energy? Global recession

More information

Shaping Our Energy Future: The Cost of Energy

Shaping Our Energy Future: The Cost of Energy 1. Introduction The total average UK household energy bill in 2011 has been assessed as between 1,249 and 1,300 [1] [2] [3]. The wholesale cost of gas and electricity is estimated to account for around

More information

Preparing for Changes in Market Design

Preparing for Changes in Market Design Preparing for Changes in Market Design EMART Conference Didier Lebout, Strategy and Development Director Gazprom Marketing and Trading France Amsterdam, 21 November 2012 In this presentation GM&T Ltd:

More information

on Wholesale Electricity Markets: The German Case, May 29, 2013, Madrid.

on Wholesale Electricity Markets: The German Case, May 29, 2013, Madrid. Oxford Energy Comment June 2013 Living with Intermittent Renewable Power: Challenges for Spain and the EU 1 David Robinson 1. Introduction This note summarizes thirteen policy challenges facing Spain in

More information

WHEN AN EFFECTIVE EU ENERGY POLICY?

WHEN AN EFFECTIVE EU ENERGY POLICY? WHEN AN EFFECTIVE EU ENERGY POLICY? A. Clerici ABB Italy Honorary Chairman of WEC Italy Chairman of WEC WG The future role of nuclear in Europe 1 INDEX 1. General Comments 2. Vulnerability 3. Transmission

More information

Low temperatures provide a poor increase in energy consumption. Decreasing economy lessens energy demand / Renewables continue to grow

Low temperatures provide a poor increase in energy consumption. Decreasing economy lessens energy demand / Renewables continue to grow Low temperatures provide a poor increase in energy consumption Decreasing economy lessens energy demand / Renewables continue to grow Berlin/Cologne (19 December 2012) - Energy consumption in Germany in

More information

World Energy Outlook. Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014

World Energy Outlook. Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014 World Energy Outlook Dr. Fatih Birol IEA Chief Economist Paris, 27 February 2014 The world energy scene today Some long-held tenets of the energy sector are being rewritten Countries are switching roles:

More information

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India

Working Paper #54. Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Greenhouse Gas Implications in Large Scale Infrastructure Investments in Developing Countries: Examples from China and India Mike Jackson, Sarah Joy, Thomas C. Heller, and David G. Victor Working Paper

More information

The Oil Market to 2030 Implications for Investment and Policy

The Oil Market to 2030 Implications for Investment and Policy This article copyrighted by the International Association for Energy Economics The article first appeared in Economics of Energy & Environmental Policy (Vol. 1, No. 1). Visit this paper online at http://www.iaee.org/en/publications/eeepjournal.aspx

More information

The future of oil refining refining in in Europe Europe

The future of oil refining refining in in Europe Europe The future of oil refining in Europe BP Forum The future of oil refining in Europe 2 The future of oil refining in Europe In recent years Europe s refining sector has been hardpressed by a combination

More information

Natural Gas and Electricity Coordination Experiences and Challenges

Natural Gas and Electricity Coordination Experiences and Challenges 1 Natural Gas and Electricity Coordination Experiences and Challenges Challenges Facing the New England Power System Gordon van Welie, President and CEO, ISO New England 2015 IEEE Power & Energy Society

More information

US and China Energy: Swapping Places in World Markets

US and China Energy: Swapping Places in World Markets US and China Energy: Swapping Places in World Markets Dr David Robinson OIES 23 January 2014 Energy for Economics Madrid 1 Sources and Caveat These slides include references to the history and forecasts

More information

SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister

SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY Anton Garcia Diaz Economic Bureau of the Prime Minister «Symposium on Strengthening Sino-Spain cooperation in multiple Fields» New Energy Cooperation

More information

Energy Prices, Climate Change Policy and U.S. Economic Growth

Energy Prices, Climate Change Policy and U.S. Economic Growth Energy Prices, Climate Change Policy and U.S. Economic Growth Prepared for: Southern Growth Policies Board Annual Conference Biloxi, Mississippi June 8, 2009 By: Dr. Margo Thorning, Ph.D. Senior Vice President

More information

4. Comparison with DECC (2014) Estimated impacts of energy and climate change policies on energy prices and bills

4. Comparison with DECC (2014) Estimated impacts of energy and climate change policies on energy prices and bills Energy prices and bills - supplementary tables Contents: 1. Energy prices and bills 2. Assumptions 3. Scenarios to 2030 4. Comparison with DECC (2014) Estimated impacts of energy and climate change policies

More information

Global Energy Trends; 2030 to 2050

Global Energy Trends; 2030 to 2050 Global Energy Trends; 2030 to 2050 Hilbre Consulting Limited, Heswall, Wirral, UK billwpyke@aol.com March 2012 This note synthesises and analyses the key conclusions from seven recent, authoritative studies

More information

Smart Grid Enabling a Sustainable Energy Future

Smart Grid Enabling a Sustainable Energy Future Smart Grid Enabling a Sustainable Energy Future Smart Grid Technologies Workshop Prof Deepak Divan Director, Intelligent Power Infrastructure Consortium School of Electrical Engineering Georgia Institute

More information

Medium voltage products. Technical guide Smart grids

Medium voltage products. Technical guide Smart grids Medium voltage products Technical guide Smart grids Contents 2 1. Introduction 8 2 The different components and functions of a smart grid 8 2.1 Integration of distributed renewable energy sources 9 2.2

More information

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information