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ESB Presentation

ESB Presentation. Oireachtas Committee 2 nd November 2005. Content. Emergent trends in Europe Full opening of the Irish electricity market All Island electricity market ESB International Investments ESB Investments Networks Power Generation Environmental Compliance and Renewables

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ESB Presentation

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  1. ESB Presentation Oireachtas Committee 2nd November 2005

  2. Content • Emergent trends in Europe • Full opening of the Irish electricity market • All Island electricity market • ESB International Investments • ESB Investments • Networks • Power Generation • Environmental Compliance and Renewables • Electricity prices • Issues Going forward

  3. SECURITY OF SUPPLY PRICE ENVIRONMENT Energy Policy Market Liberalisation Oil /Gas /Coal Volatility

  4. Full Market Opening • All customers free to choose supplier • On time and on budget delivery of complex IT systems to enable Market Opening • ESB commitment to facilitating competition • reduce market share • discount sale of power to competitors • ESB contracts with Independent Generators • Viridian, BGE, Airtricity, Aughinish, Tynagh

  5. All Island Market • Commitment to integrate markets by July 2007 • Welcome development => fully supported by ESB • ESB market share reduced to 40%-45% • c 2000MW on new plant in 7 years • 70% owned by Independent Power Producers • ESB planning to “repower” Aghada power station

  6. ESB’s Amorebieta Power Station in Spain

  7. Distribution & Transmission Investment (€m)

  8. 400 kV 220 kV 110 kV 38 kV 2001 to 2005 1 new 400kV substations 5 new 220kV substations 3 2 new 110kV substations 24 new 38kV substations 30+ substations refurbished 10 Infrastructure Delivery 2001 - 2005 • 65,000 km’s of MV renewal • 370,000 customer connections • 250+ kms of new transmission circuits (+x%) • 62 new transmission/HV stations • 60+ refurbished transmission/HV stations • Capital spend of €3 billion

  9. Investment in Generation • Strategy • Modernise and develop the Portfolio • Implement best practice O&M • Commissioned two new Peat Stations • Investment in Moneypoint • Best practice agreed at many stations

  10. ESB’s Wind Farm at Carnsore Point

  11. Connection of Wind Generation • Approx 300MW connected • Another 600MW accepted offers to connect • Another 380 MW being offered to connect • Over 2,000MW of additional applications being processed More than 100 new applicants

  12. Breakdown of ESB Price Increase • In the period 2000-2006 ESB price increase has totalled 40%. • Generation / Fuel accounts for c 34% • 4% relates to networks • 2% relates to PSO’s (Public Service Obligations) and Supply costs

  13. Gas prices (2004 to 2005)

  14. Oil prices (2004 to 2005)

  15. Installed capacity – fuel mix

  16. Forecast Baseload prices 2006

  17. Summary • Imperative to deliver massive future infrastructure needs • Organisation capability • Funding ability • Requirement to remain financially strong • Need to reduce costs and meet regulatory targets • Important to reach acceptable market share • Security of Supply Vs Liberalisation • Requirement for international growth to maintain scale and skills

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