A new era for the EU power market
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A new era for the EU power market Gianfilippo Mancini Executive Vice President Generation & Energy Management and Market Divisions PowerGen 2011 June, 7 2011
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Gianfilippo Mancini Executive Vice President Generation & Energy Management and Market Divisions PowerGen 2011
Transcript of A new era for the EU power market
A new era for the EU power market
Gianfilippo ManciniExecutive Vice President
Generation & Energy Management and Market Divisions
PowerGen 2011 June, 7 2011
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A global uncertain context
Commodities Energy saving and grid improvement
Environmental sustainability
Securityof supply
3
Security of supply
Source: Source: Eurostat - Yearly statistics 2008 , Terna 2009, Enerdata
EU 27 Primary Energy Balance Italy Primary Energy Balance
Power Generation Mix
Italy Spain France Germany EU27
26% 26% 14% 18% 19%
13%
13%
5%
44% 27%51%37%
4% 13%22%
10% 6%1%
2% 3%
18%
76%
23% 28% Nuke
GasOil/Other
Coal
Renewable
14,4%
34,2%
40,1%
1,9%9,4%
Italy
Import others
Import electricity
Import Oil
Import gas
Internal production
EU27
45%
15%
32%
8%
Italy
14%
34%
40%
2%9%
4
2010 Action Plan 2020
Renewable energies
+94%
249
483
France
Germany
UK
ItalySpain44
28
389
4476
111
5457
29
+322%
+97%
+106%
+57%
+73%Large investments in
renewables supported by EU governments’
incentivation policies
Source: National Action Plans of EU members – 2010 Edition; 2010 based on PAN statements
EU 27
Development of capacity (GW)
2010 Action Plan 2020
2010 Action Plan 2020
2010 Action Plan 2020
2010 Action Plan 2020
2010 Action Plan 2020
5
An ageing power fleet…
Ageing thermal power fleet will require renovation in the next few decades
Generation capacity by efficiencyThermal generation capacity by age
EU 27 Italy
Source: Platts, Enerdata – Global Energy & CO2 Data, 2009
% o
f cap
acity
19901996
20022008
20142020
20262032
20382044
20502056
20622068
0%10%20%30%40%50%60%70%80%90%
100%
> 40 Years of operation > 60 Years of operation
OIL GAS Coal Average Average
37%
48%
35%41%
45%
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..in need of environmental fitting
(1) Limits set by 2010/75/UE (IED) directive equivalent to the higher end of the Bref range
CCGT(1)
NOx 50CO 100
European countries must comply with new regulation, Italian IPPC permits (AIA) are already
compliant with the new IED limits
COAL Torre Nord (Civitavecchia)
SO2 <100
NOx <100Dust <15
CCGT EnelNOx < 30-40
CO < 30
COAL(1) Existing plants New plants
LCP IED LCP IED
>300 MWt
SO2 400 200 200 150
NOx 500 200 200 150
Dust 50 20 30 10
European limits for air emissions Enel power plants performance in Italy
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Energy Efficiency: an opportunity
All countries and sectors can contribute
Sources: Enerdata 2009, Mc Kinsey
0,5 1 1,5
EU 27
Power generationBuildings Transport
Cost(EUR/tCO2e)
Potential(MtCO2e)
2009 Energy intensity (1 = EU27 average)CO2 abatement measures
8
Enel: a global dimension
A fully integrated global energy player with a leading position in strategic markets
Russia
Other European Countries
Italy
Iberia
≈ 1
≈ 4.5
≈ 11.5
≈ 6Chart Title
Enel investments in Europe (cumulated 2011-2015)
€ bln
Presence in:• 40 countriesInstalled capacity:• 97,283 MW Annual output:• 290 TWhEBITDA:• 17.5 bln €Customers:• 61 millionEmployees:• 78,313CAPEX 2011-2015:• €31 billion
