International energy price comparisons study

Transcription

1 International energy price comparisons study PRESENTATION TO CREG GENERAL COUNCIL 26 October 2011

2 Agenda Purpose and scope Methodology Electricity and gas price comparisons Households SME Industry Summary

3 Purpose and scope Methodology HH SME Industry Summary

4 Purpose and scope Five countries (B, D, F, GB and NL) Electricity and gas Households, SME and industry Standard consumer sizes and other characteristics Total delivered price and three main components Network charges (with taxes removed) Taxes, levies and financial burdens major focus area Estimated energy (commodity) costs Report today on all consumer types but with more emphasis on industry

5 Purpose and scope Methodology HH SME Industry Summary

6 Methodology Detailed review of applicability of taxes, levies and financial burdens in each jurisdiction Smaller consumers Direct observation of final prices Representativeness of prices offers and networks Price components energy by deduction Industrial consumers No published data for final prices Estimate energy costs from market data and profiles Add published data on network charges and taxes/levies

7 Standard consumers annual consumption HH 3,500 kwh electricity 23,260 kwh gas SME 160 MWh electricity Medium voltage connection 2,300 MWh gas Industry 5, 25 and 250 GWh electricity 10 GWh gas

8 Purpose and scope Methodology HH SME Industry Summary

9 Total electricity unit price (ct /kwh) HH electricity final prices (incl. VAT) Brussels Flanders Wallonia France Germany Netherlands Great Britain

10 Electricity unit price (ct /kwh) HH electricity price components 25 Taxes and levies PSOs Transmission Distribution Energy Brussels Flanders Wallonia France Germany Netherlands Great Britain

11 Total gas unit price (ct /kwh) HH gas final prices (incl. VAT) Brussels Flanders Wallonia France Germany Netherlands Great Britain

12 Natural gas unit price (ct /kwh) HH gas price components 7 Taxes and levies PSOs Transport Distribution Energy Brussels Flanders Wallonia France Germany Netherlands Great Britain

13 Purpose and scope Methodology HH SME Industry Summary

14 Total electricity unit price (ct /kwh) SME electricity final prices (excl. VAT) Brussels Flanders Wallonia France Germany Netherlands Great Britain

15 Electricity unit price (ct /kwh) SME electricity price components Taxes and levies PSOs Transmission Distribution Energy Brussels Flanders Wallonia France Germany Netherlands Great Britain

16 Total gas unit price (ct /kwh) SME gas final prices (excl. VAT) Brussels Flanders Wallonia France Germany Netherlands Great Britain

17 Natural gas unit price (ct /kwh) SME gas price components 5 Energy Distribution Transport PSOs Taxes and levies Brussels Flanders Wallonia France Germany Netherlands Great Britain

18 Purpose and scope Methodology HH SME Industry Summary

19 Electricity unit price (ct /kwh) Small industry electricity final prices and components (excl. VAT) 12 Taxes and levies PSOs Transmission Distribution Energy Brussels Flanders Wallonia France Germany Netherlands Great Britain

20 Electricity unit price (ct /kwh) Medium industry electricity final prices and components (excl. VAT) 12 Taxes and levies PSOs Transmission Distribution Energy Brussels Flanders Wallonia France Germany Netherlands Great Britain

21 Electricity unit price (ct /kwh) Large industry electricity final prices and components (excl. VAT) 10 Taxes and levies PSOs Transmission Distribution Energy Brussels Flanders Wallonia France Germany Netherlands Great Britain

22 Tax intensity in % Industrial electricity tax intensity by size 30% Small industry 25% Medium industry 25% 20% Large industry 16% 16% 15% 13% 13% 14% 10% 10% 10% 9% 9% 7% 8% 9% 6% 6% 11% 7% 8% 5% 4% 4% 1% 0% Brussels Flanders Wallonia France Germany Netherlands Great Britain

23 Total electricity unit price (ct /kwh) Total electricity unit price (ct /kwh) Total electricity unit price (ct /kwh) Industrial electricity taxes vs prices Plots look at linear dependence between prices and taxes Magnitude measured by Pearson coefficient Note only 7 data points and taxes are part of final price GWh 10 9 Pearson CC 74% Taxes and levies unit price (ct /kwh) GWh GWh Pearson CC 64% Pearson CC 62% Taxes and levies unit price (ct /kwh) Taxes and levies unit price (ct /kwh)

24 Natural gas unit price (ct /kwh) Gas for industry (excl. VAT) 4 Energy Distribution Transport PSOs Taxes and levies Brussels Flanders Wallonia France Germany Netherlands Great Britain

25 Tax intensity of gas bill (in %) Gas for industry tax intensity 25% 22% 20% 15% 10% 11% 5% 6% 5% 7% 2% 2% 0% Brussels Flanders Wallonia France Germany Netherlands Great Britain

26 Total natural gas unit price (ct /kwh) Gas for industry taxes vs prices Pearson CC 63% Taxes and levies unit price (ct /kwh)

27 Purpose and scope Methodology HH SME Industry Summary

28 Total electricity unit price (ct /kwh) Summary of electricity prices Highest Brussels Flanders Wallonia Lowest 4 HH SME Small industry Medium industry Large industry

29 Tax intensity (in %) Summary of tax intensity for electricity 45% 40% 35% 30% 25% 20% 15% 10% 5% Highest Brussels Flanders Wallonia Lowest 0% HH SME Small industry Medium industry Large industry

30 Total gas unit price (ct /kwh) Summary of gas prices 7 6 Highest Brussels 5 4 Flanders Wallonia Lowest HH SME Industry

31 Tax intensity (in %) Summary of tax intensity for gas 50% 40% Highest Brussels Flanders Wallonia 30% Lowest 20% 10% 0% HH SME Industry

32 Frontier Economics Limited in Europe is a member of the Frontier Economics network, which consists of separate companies based in Europe (Brussels, Cologne, London and Madrid) and Australia (Melbourne & Sydney). The companies are independently owned, and legal commitments entered into by any one company do not impose any obligations on other companies in the network. All views expressed in this document are the views of Frontier Economics Limited.

33 FRONTIER ECONOMICS EUROPE LTD. BRUSSELS COLOGNE LONDON MADRID Frontier Economics Ltd, 71 High Holborn, London, WC1V 6DA Tel. +44 (0) Fax. +44 (0)