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ECN publication
How may CCS technology affect the electricity market in North-Western Europe?
Published by: Publication date:
ECN Policy Studies 17-11-2008
ECN report number: Document type:
ECN-M--08-088 Conference Paper
Number of pages: Full text:
11 Download PDF  

Presented at: 9th International Conference on Greenhouse Gas Control Technologies (GHGT-9), Washington DC, USA, 16-20 november 2008.

The EU electricity market is changing. Electricity demand in Europe is on the rise, the power plant fleet is aging, and a large share of the capacity will need to be replaced in the coming decades. An ambitious target has been formulated for the share of renewable energy, and CO2 prices are anticipated to increase. On top of this, CO2 Capture and Storage (CCS) has appeared as an important technology in the transition to a long term sustainable energy supply. This paper discusses the implications all of the above developments for the EU electricity market, with an emphasis on the market North Western Europe. On the whole electricity prices in North Western Europe until 2020 are anticipated to increase, but this may only partly be ascribed to the pending introduction of CCS.

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