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Ten Year Network Development Plan 2015
0
800
700
600
400
200
500
300
100
Mio. €/d
2015
Low High Low High Low High Low High
2020
2025
2030
2035
CO
2
bill
Gas bill
Coal bill
Green Scenario
Figure 6.35:
EU bill. Breakdown between gas, coal and CO
2
. Reference gas price. Green (left) and Grey (right) scenarios
0
800
700
600
400
200
500
300
100
Mio. €/d
2015
Low High Low High Low High Low High
2020
2025
2030
2035
CO
2
bill
Gas bill
Coal bill
Grey Scenario
6.5 Monetization
6.5.1 EU TOTAL BILL
The following graphs show the monetization of the commodity components of the
European bill (as defined in Annex F) along the time horizon:
\\
All gas flows entering Europe (imports and indigenous production)
\\
The coal quantity which contributes to filling the power generation thermal
gap
\\
The CO
2
emissions from the power generation sector
The higher level of the total bill under the Green scenario results from a much high-
er CO
2
emission price and a bigger gas demand. In the Green scenario high CO
2
prices foster the use of gas at the expense of more carbon intensive fuels. The figure
“Evolution of the CO
2
emissions in the power generation sector (daily average)”
(page 3) at the beginning of the Assessment chapter illustrates the resulting
decreasing CO
2
emission under the Green scenario compared to the Grey one.
The graphs show that in both the Green and Grey scenarios the new infrastructure
and supply projects associated with the High scenario result in a small decrease of
the gas bill compared to the Low scenario; however, the new infrastructure is not
able to change the gas versus coal balance with unchanged emissions and coal
consumption.
Price configurations are not inducing a significant change in the coal and CO
2
components of the European bill and therefore these two components are not
considered in the rest of the analysis. The following graphs illustrate the change in
the European gas bill under the different price configurations according to the
following ratio:
EUgas bill
price configuration
− EUgas bill
Reference
EUgas bill
price configuration
The graphs are asymmetric because every country tries to reduce its exposure to a
price increase (positive part) while maximising the benefit of a price decrease
(negative part).