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Key developments and challenges in the Nordic region. - Eurelectric Members’ Day. Oluf Ulseth CEO, Energy Norway Brussels, February 6, 2012. 25 %. 75 %. 7 %. 3 %. 17 TWh. 19 %. 18 %. 53 %. 1 %. 1 %. 4 %. 14 %. 28 %. 17 %. Total 399 TWh. 40 %. 95 %. 77 TWh. 8 %.

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key developments and challenges in the nordic region

Key developments and challengesin the Nordic region

- Eurelectric Members’ Day

Oluf Ulseth

CEO, Energy Norway

Brussels, February 6, 2012

electricity generation in nordic countries 2010

25 %

75 %

7 %

3 %

17 TWh

19 %

18 %

53 %

1 %

1 %

4 %

14 %

28 %

17 %

Total

399 TWh

40 %

95 %

77 TWh

8 %

123 TWh

2 %

Hydro power

39 %

Wind power

46 %

7 %

Oher RES

Nuclear power

5 %

21 %

145 TWh

Fossil fuels

72 %

Non-identifiable

37 TWh

Source: ENTSO-E

Electricity Generation in Nordic Countries 2010
new generation more transmission
New generation – more transmission

Investments in new emission free generation

  • Swedish-Norwegian joint certificate market established in 2012
  • New RES targets in Denmark 2011
  • Substantial nuclear capacity under way in Finland

Integrated markets

  • Nordic system price - 12 price zones
  • Several interconnection projects under construction (NO-DK, NO-SW, FI-ES, SW-LI)
  • Projected power surplus in 2020, increases need for more transmission capacity with rest of Europe
  • Nordic TSO initiative on common balancing management

Active consumers using new technology

  • Smart meters introduced in Sweden and Finland, under way in Norway
  • Nordic power retail market in progress -> 2015?
long term nordic strategy for reduction of co2 emissions
Long term Nordic strategy for reduction of CO2-emissions
  • Electricity and district heating industries in the Nordic countries fully committed to
    • EU:s emission targets by 2020
    • Carbon neutral power generation and heat production before 2050
    • Three pillars: 1) Energy Efficiency, 2) low carbon technologies and 3) better connected European grid
  • ETS + binding national targets for the non-ETS sector the main tools
    • Climate targets for 2030 and 2040 in line with the 2050 target – important to decide on the ambition NOW!
european agenda for 2012
European Agenda for 2012
  • Adopt the Energy Efficiency Directive
  • Adopt council conclusions on energy, transportation, climate and resources Roadmaps 2050 with a 2030 and 2040 GHG target to guide investments to decarbonize the power sector before 2050
  • Adopt energy tax directive based on CO2-emissions and targeted for non-ETS sector
  • Adopt Horizon 2020 programme
    • 5,8 bn euro for energy R&D
  • Adopt conclusions on energy, transportation, climate and resources Roadmaps 2050
  • Strengthen the functioning of the internal electricity market
  • Develop a coherent view on the electricity market
    • analyze the effects of different RES, energy efficiency, security of supply etc. targets and national interests on the electricity market
  • Ensure a framework for energy use of biomass
key messages
Key messages
  • Substantial investments in new emission free generation, leading to a power surplus in 2020, underlining the need for more transmission
  • The Nordic strategy to meeting climate targets build on a European ETS and binding targets in non-ETS sectors
  • The European agenda for 2012 is all about adopting key legislative proposals and roadmaps, while strengthening the internal electricity market