Post on 01-Apr-2015
THE ITALIAN ENERGY STRATEGY AND BEYOND
CROATIAN ENERGY ASSOCIATION 23rd FORUM Zagreb 28th November 2014
Stefano MottarelliPublic and EU Affairs
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Edison key figures
50,4 Bcm Hydrocarbons Reserves
111 Mineral Leases (gas and oil)
3 Gas Storage Centers
1 LNG Terminal (total capacity 8 bcm/y, Edison 6.4 bcm/y)
1HV Merchant Line (150 MW)
3 Pipeline projects
7,7 GW Installed Capacity
22 Thermoelectric Power Plants
47 Hydroelectic Power Plants
32 Wind Farms
9 Photovoltaic Systems
1 Biomass System
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Edison interest in Croatian power projects
Edison is already present in Croatia in Exploration & Production business
As of Power business, Edison has participated to a tender launched by the Croatian electricity
company HEP for Plomin C
Plomin C project- Coal fired power plant 500 MW to be built as third unit of Plomin PP- JV: 50% HEP – 50% strategic investor- A 20 years PPA on 50% of the capacity to be purchased by HEP- Edison has been pre-selected as a potential investor- By end of August 2014 Edison submitted its proposal
- Edison did not receive the highest score but in case HEP determines that it is not possible to reach
an agreement with the first-ranked Bidder, HEP may contact the next highest ranked Bidder to
discuss next steps
Edison is interested in potential investments in Croatia with HEP especially in Hydro PP projects
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Italy energy strategy so far: the beginning in the 19th century
Giuseppe Colombo
EDISON
1883First thermoelectrical power plant in Europe
Growth
1883 – Coal power plant in the center of Milan, Santa Redegonda
- ENERGY STRATEGY-
MANAGED BY PRIVATE COMPANIES AND LOCAL
UTILITIES
Goal
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Giuseppe Colombo
EDISON 1945
Growth
Competitiveness
- ENERGY STRATEGY-
AGIP HYDROCARBONS
GOALS
Italy energy strategy so far: after the second world war
1883First
thermoelectrical power plant in
Europe
Growth
Enrico Mattei
AZIENDA GENERALE ITALIANA PETROLI
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Enrico Mattei
AZIENDA GENERALE ITALIANA PETROLI
Growth
Competitiveness
Security of Supply
- ENERGY STRATEGY-
NUCLEAR
*Foreseen demand: 420520 TWh @ 1990; nuclear: 20 GW @1985 ; 4662 GW @1990.
Giuseppe Colombo
EDISON 1945
Growth
Competitiveness
1883First
thermoelectrical power plant in
Europe
Growth
GOALS
1975
Italy energy strategy so far: ENEL and the oil crisis in the 70s
First national energy plan*1962
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First national energy plan*
- ENERGY STRATEGY -
RENEWABLES AND COGENERATION
Last national energy plan
1988
Enrico Mattei
AZIENDA GENERALE ITALIANA PETROLI
Growth
Competitiveness
Security of Supply
Giuseppe Colombo
EDISON 1945
GrowthCompetitivity
1883First
thermoelectrical power plant in
Europe
Growth
1975
Italy energy strategy so far: local environmental awareness in the 80s
1962
Growth
Competitiveness
Security of Supply
Environment
GOALS
1987Referendum
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Growth
Competitiveness
Security of Supply
Environment (local impacts)
- ENERGY STRATEGY-
LIBERALISATION AND «LOW CARBON»
Kyoto Protocol signature
1997
Italy energy strategy so far: the Kyoto protocol and the «green globalisation»
Last national energy plan
1988
Enrico Mattei
AZIENDA GENERALE ITALIANA PETROLI
Growth
Competitiveness
Security of Supply
Giuseppe Colombo
EDISON 1945
GrowthCompetitiveness
1883First
thermoelectrical power plant in
Europe
Growth
1975
Growth
Competitiveness
Security of Supply
Environment (local and global
impacts)
GOALS
1962First national energy plan*
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AT INTERNATIONAL AND EUROPEAN LEVEL:
International and Italian policy framework in the last 15 years
EU Commision RES Directive
EU ETS Directive
New RES & EU ETS Directive
Energy Efficiency Directive
New 2030 targets ?
Kyoto Protocol signature
1997 2001 2003 2009 2012 2014
AT ITALIAN LEVEL: lack of a long term strategy.
Nuclear “ Renaissance ” (2008)
“Sblocca centrali” (2002)
~30 GW di CCGT in 10 years*
Green Certificates and “ Conto Energia ” (2003 e 2005)
~30 GW RES in 10 years
Gas “ Hub ” (2008)
Import: 100 Bcm (pipeline ad LNG)
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The National Energy Strategy
National
Energy
Strategy
2013
Growth
Competitivity
Security of supply
Environment
Growth
Competitiveness
Security of Supply
Environment (local impacts)
Kyoto Protocol signature
1997
Last national energy plan
1988
Enrico Mattei
AZIENDA GENERALE ITALIANA PETROLI
Growth
Competitiveness
Security of Supply
Giuseppe Colombo
EDISON 1945
GrowthCompetitiveness
1883First
thermoelectrical power plant in
Europe
Growth
1975
Growth
Competitiveness
Security of Supply
Environment (local and global
impacts)
GOALS
1962First national energy plan*
2011Referendum
1. Growth: enhance sustainable growth through energy sector development
Investments in CCGT from 2000
30 Billion €
Investments in RES from 2000
90 Billion €
Expected investments until 2020
RES
Traditional gas and electricty sector
Enegy Efficiency
Total
Green and white economy: 130 Billion €, almost 70% of expected investments
National Energy Strategy goals (1/4)
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National Energy Strategy goals (2/4)
1. Growth: enhance sustainable growth through energy sector development
2. Competitiveness: to bring down energy price gap compared with other european countries
France Germany Spain Scandinavian countries
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Electricity prices in Europe
Italy PSV Dutch TTF Zeebrugge UK NPB
Italy
Gas prices in Europe
1. Growth: enhance sustainable growth through energy sector development
2. Competitiveness: to bring down energy price gap compared with other european countries
3. Security of supply: increase security of supplies and reduce import
Present gas import dependency
~90%
Minimum and maximum delivery from storage during winter
Total supply
Peak demand
Production Import Storage
Gas system fragility at peak times (MMcm/d)
National Energy Strategy goals (3/4)
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2010 20200
50
100
150
200
250
300
350
400
ImportProduction
Expected electricity demand (TWh)
346
46
34521
Present electricity import dependency
~13%
1. Growth: enhance sustainable growth through energy sector development
2. Competitiveness: to bring down energy price gap compared with other european countries
3. Security of supply: increase security of supplies and reduce import
4. Environment: achieve and go beyond «20-20-20» targets and have an active and leading role in 2050
Roadmap definition and enforcement
GHG reduction- Mton CO2/year -
RES development- % on final consumption-
Energy Efficiency- Mtep primary demand-
-18% vs. 2005 17% -20% vs. BAU@2020
«20-20-20» GOALS
National Energy Strategy goals (4/4)
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(-15% in 2011)* (11,5% in 2011)**
* Source MiSE
** Source Eurostat
Note: the target for ETS sectors is 21% reduction below 2005 level and Italy has already achieve 20% (verified emissions 2012)
The priorities of the National Energy Strategy
1. Energy efficiency enhancement, beyond European 2020 targets
2. Improvement of a liquid, competitive and integrated gas market, in order to be the main gas hub in South Europe
3. Renewables sources development, beyond 2020 targets
4. Improvement of liberalised, competitive and integrated electricity market, in terms of infrastructures and regulation, with a complete market integration of renewables
5. Refining sector and fuels distribution grid reorganization
6. Sustainable production of national hydrocarbons
7. Governance enhancement
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CCGTs
Renewables
Gas infrastructures
E&P
LNG
Storages
Edison and the National Energy Strategy
Beyond the Energy Strategy
The Italian Presidency of the Council of the European Union will devote its efforts to four major, closely interlinked pillars of EU energy policy:
1. Framework for climate and energy beyond 2020
• Italy will favour a constant, active involvement of the EU Council
2. EU energy security
• Italy will promote a thorough debate on the proposed EU Energy Security Strategy
3. Completion of the single energy market
• Italy will promote the rapid adoption of network codes, market coupling and will ensure an early debate on Commission’s Communication on the retail market
4. External energy policy
• Italy will focus attention on Euro-Mediterranean relations and on the safety of offshore hydrocarbon prospection, exploration and production activities
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CROATIAN ENERGY ASSOCIATION 23rd FORUM Zagreb 28th November 2014
Grazie!