Where's the break point?
The UK's assumption about carbon costs underpins some huge programmes - not least the smart meter rollout. It has to reflect assumptions about how costs will change over the long term and can't swing on the whim of today's market.
- £5.2 million green investment for Citi data centre
- UK gas prices fall following Ukraine-Russia gas agreement
- Truss has an ‘ideological prejudice’ against solar, says Labour
- Defra extends funding for catchment management pilot scheme
- Customers need to engage with current energy usage to understand smart meter benefits, says Decc
But the European Investment Bank raised about €8 per allowance - about £6.50 - when it sold allowances in the Emissions Trading Scheme to fund carbon capture and storage projects. It was thought lucky to get it. Meanwhile, the government's nominal carbon price in the CRC Energy Efficiency Scheme stands at £12. At what point does the current, real, carbon price begin to affect our long-term assumptions?
This article first appeared in Utility Week's print edition of 20 January 2012.
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