© VERBUND AG, www.verbund.com
© VERBUND AG, www.verbund.com
© VERBUND AG, www.verbund.com
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4<br />
Austrian pumped hydro storages <strong>com</strong>es with high environmental<br />
and economic benefits<br />
Investment (~800 m€) in new pumped hydro storages (1.000 MW) affects …<br />
Benefits for Europe<br />
● Environmental benefits<br />
□ Additional 50GWh of wind power a year (temporary<br />
curtailment can be avoided) because of better integration<br />
□ CO 2 abatement costs are reduced by 200m€ 1) as the power<br />
plant park can be used more efficiently (these savings could<br />
be used for climate protection measures)<br />
● Economic benefits<br />
□ More efficient power plant utilisation and less CO 2 costs lead<br />
to cost savings for consumers in Europe by ca 550m€ 1)<br />
(50m€ real per year)<br />
Benefits for Austria<br />
● Direct and indirect regional added value<br />
□ Pumped storages are an efficient investment – the investment<br />
generates ca 200m€ additional taxes and duties<br />
□ Investment impulse for other sectors leads to additional tax<br />
revenues and to about 8.000-16.000 additional jobs 2) in<br />
Austria<br />
● Improving Austria’s trade balance<br />
□ Austria‘s trade balance with neighbouring countries improves<br />
by 185m€ 1)<br />
Additional wind power<br />
for 14.000 households 3)<br />
Exports<br />
Imports<br />
Trade balance<br />
improves by 185 m€ 1)<br />
Real costs for consumers<br />
decreased by<br />
50 m€ a year 4)<br />
200m€ additional revenues from<br />
taxes and duties 5)<br />
1) Present value in € real costs 2010, 2) Yearly full-time equivalent, 3) We assume an average consumption of 3500kWh a year.<br />
4) „Cost savings for consumers” refers to the <strong>com</strong>parison of systems for the expansion of renewables “with” and “without” pumped hydro storages.<br />
<strong>©</strong> <strong>VERBUND</strong> <strong>AG</strong>, <strong>www</strong>.<strong>verbund</strong>.<strong>com</strong> 5) Impacts on taxes and duties are estimated applying 25% of the investment sum.<br />
200m€ 1) for<br />
climate protection<br />
8.000-16.000<br />
additional jobs 2)