€85m cost for emissions to be passed on to consumers

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galexinda
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€85m cost for emissions to be passed on to consumers

Post by galexinda »

The Electricity Authority of Cyprus (EAC) will pay a projected €85m next year for carbon dioxide emissions allowances, a cost that will be transferred to consumers.

The expenditure features in the EAC budget for 2020 presented in parliament this week.

Documents submitted by the state power corporation show that in 2020 the island’s power stations are expected to emit around 3.33 million tonnes of CO2.

Multiplying the tonnes by €25.75 (the May 2019 price per tonne of CO2 for emissions allowances under the EU’s Emissions Trading Scheme) yields the €85.6m figure.

https://cyprus-mail.com/2019/10/15/e85m ... -atFbUnBOA
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Jimgward
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Re: €85m cost for emissions to be passed on to consumers

Post by Jimgward »

Is that higher or lower than last year~? - just spotted - double the cost of last year
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mike strand2
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Re: €85m cost for emissions to be passed on to consumers

Post by mike strand2 »

If only we could have just one competitor! :roll:
jeba
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Re: €85m cost for emissions to be passed on to consumers

Post by jeba »

Happy in Cyprus wrote: Thu Oct 17, 2019 11:51 pm It is iniquitous that the consumer, who has no say in the matter, has to pay the price for EAC's shortcomings.
Who else should have to pay? The taxpayer (given that the EAC is a public authority)? At least with the current system the consumer has some influence. They could save energy or (in many cases) go solar.
bmwx5
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Re: €85m cost for emissions to be passed on to consumers

Post by bmwx5 »

That's a lot of emissions for 85M eu would be interesting to know what technology the Elect authority's are using on the Gas Turbines to reduce emissions. The company I work for use the latest NoX and CO2 emissions reducing technology on its 4 GTGs, GE Frame 6s with good results. Its expensive up front to install but economical over time as your emissions fines are lowered
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cyprusmax47
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Re: €85m cost for emissions to be passed on to consumers

Post by cyprusmax47 »

bmwx5 wrote: Tue Oct 22, 2019 5:08 am That's a lot of emissions for 85M eu would be interesting to know what technology the Elect authority's are using on the Gas Turbines to reduce emissions.
EAC is using mainly heavy fuel driven generators which explains the high penalty... but they are since years planning to erect photovoltaic plants to produce emission-free energy, like many of us private home owners already do...

Max
Jim B
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Re: €85m cost for emissions to be passed on to consumers

Post by Jim B »

I think EAC use steam turbines with Steam Generation with heavy fuel oil to fire the boilers. I was surprised they didnt upgrade to gas turbines like the GE Frame
Series after the Mari explosion but I guess they would have needed to construct has storage facilities as well.

Jim
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Mirek
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Re: €85m cost for emissions to be passed on to consumers

Post by Mirek »

You would think, with windy/cloudy/rainy Britain leading the way with outside investment on wind power instead of burning coal/fossil fuel sunny Cyprus who receives an average of 2,700 to 3,500 hours per year would be champing at the bit to get outside investment and investing in technology for solar farms to reduce emissions and cut down on the crap it pumps into the atmosphere and cutting down on importing expensive fossil fuels

I think Extinction Rebellion and the rest of the world will be extinct by the time the penny drops
boycott
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Re: €85m cost for emissions to be passed on to consumers

Post by boycott »

Why is Europe bothered about emissions when China, India and others are not only not doing their bit BUT dramatically increasing their fossil fuel and hence CO2 output beyond anything sensible?

The UK closed Didcot power station (coal fired) producing 1.44 gigawatts but China is in the process of building 180 Didcot power stations (They already have 690 Didcot power stations).

How about a level playing field?
bmwx5
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Re: €85m cost for emissions to be passed on to consumers

Post by bmwx5 »

Taken form EAC web page

THERMAL POWER GENERATION
Cyprus is an island with no indigenous hydrocarbon energy sources. This means that its power generation system operates in isolation and totally relies on imported fuels for electricity generation. Currently, the primary imported fuel used in electricity generation is heavy fuel oil and gasoil. Cyprus power generation system consists of three thermal power stations with a total installed capacity of 1480MWe. Dhekelia power station is located on the southeast coast of Cyprus, to the east of Larnaca and consists of 6x60MWe steam turbines and two 50MWe internal combustion engines blocks. Vasilikos power station is the most recent power station located on the south coast between Limassol and Larnaca and consists of 3x130MWe steam turbines, 2x220MWe combined cycle technology units and a 38MWe gas turbine. Moni power station, which is used as backup, is located on the south coast of Cyprus, to the east of Limassol and consists of 4x37.5MWe gas turbines.
The steam units at Vasilikos are used for base load generation, while the steam units of Dhekelia are used for intermediate load generation. The gas turbines are mainly used during system peak loading. All stations use heavy fuel oil for the steam turbine units and gasoil for the gas turbine units. The combined cycle units use gasoil as fuel until the arrival of natural gas in Cyprus, which is expected to be available on the island in 2016. Also, in 2016 the 3 steam turbines at Vasilikos power station will shift from the use of heavy fuel oil to the use of natural gas.​
Kili01
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Re: €85m cost for emissions to be passed on to consumers

Post by Kili01 »

I wonder why EAC haven’t updated this page as the situation quoted regarding the power stations, the type of generators and the type of fuel oils used sound like the much quoted text of what was publicly quoted by the Cyprus Mail following the Mari explosion in 2011 and the rebuilding at Vasilikos..
Since then we have heard that EAC are investing in photo voltaic installations.
I think that it's iniquitous that this company continues to load consumers electricity bills with extra charges. They should be taking more active steps to reduce their own carbon emissions.
Also looking at ways to streamline the whole business, reducing numbers of staff employed and introducing cost reducing technology.
Dee
bmwx5
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Re: €85m cost for emissions to be passed on to consumers

Post by bmwx5 »

https://ec.europa.eu/energy/sites/ener/ ... ftnecp.pdf Some interesting reading especially projected gas pipeline and drilling
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