2012-10-01 Decision - Minnesota Department of Commerce - Division of Energy R...Silicon Energy
Similar to CCS Policy Scoping Document - plenary presentation given by Matthew Billson at the UKCCSRC Cardiff Biannual Meeting, 10-11 September 2014 (20)
3. Ashley Ibbett, DECC
High-level principles for HMG intervention to support CCS – reducing levels of support through phases to full commercialisation
Phase 1
Peterhead / White Rose
Phase 2
Transition phase
Phase 3
Full commercialisation
HMG contribution to FEED costs
Yes
No
HMG contribution to construction costs
Yes*
No
HMG risk sharing during construction
Yes*
No
HMG risk sharing during operation
Yes*
No
CfD
Yes*
In principle, subject to decision†
In principle - all low carbon technologies compete on price†
Notes:
* Subject to negotiations, Final Investment Decisions by consortia and Government, an assessment of affordability and value for money; and state aid approval
† Without prejudice to future allocations from the current Levy Control Framework; or future decisions on the next Levy Control Framework period
Subject to decision†
Time
Investment
Government
Industry
4. Ashley Ibbett, DECC
High-level principles for HMG intervention to support CCS – reducing levels of support through phases to full commercialisation
Phase 1
Peterhead / White Rose
Phase 2
Transition phase
Phase 3
Full commercialisation
HMG contribution to FEED costs
Yes
No
HMG contribution to construction costs
Yes*
No
HMG risk sharing during construction
Yes*
No
HMG risk sharing during operation
Yes*
No
CfD
Yes*
In principle, subject to decision†
In principle - all low carbon technologies compete on price†
Notes:
* Subject to negotiations, Final Investment Decisions by consortia and Government, an assessment of affordability and value for money; and state aid approval
† Without prejudice to future allocations from the current Levy Control Framework; or future decisions on the next Levy Control Framework period
Subject to decision†
161
113
92.0
0
20
40
60
80
100
120
140
160
180
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
At present
early 2020s
late 2020s
Levelised cost of electricity at point of FID
(£/MWh, real 2012 money)
Cost Reduction Task Force 2013
UK installed CCS capacity
(GW) DECC Delivery Plan