EDF Energy - Finance

New nuclear is the lowest-cost low-carbon
technology
Range of Levelised Costs of Production (£/MWh) in 2009 real terms
Projects starting from 2017 and 2023 - „Nth of a Kind‟
120
51-113
68-124
93-118
108-128
• Source: independent study
commissioned by DECC
100
80
71-86
53-69
• Nuclear is projected to be
the lowest-cost low-carbon
technology
60
40
20
• Under a low commodity price/
low carbon price, CCGT is likely
to be the most competitive
technology
0
CCGT
CCGT
CCS
Coal
CCS
Onshore
Offshore
Nuclear
• Build-out of CCGT will lead to
missing decarbonisation targets
Source: DECC (based on Mott Macdonald Report – June 2010)
Note: These ranges include costs of projects with start dates of 2017 and 2023 with a discount factor of 7.5% or 10%;
includes both low and high commodity price scenarios from DECC
Coal with CCS includes pulverised coal plant with post combustion only
Offshore wind includes Round 3 projects only