03 June 2008 10:33
E.ON launches Energy Manifesto Carbon, Cost and Consequences, calls for open and honest debate on UK energy needs
E.ON, one of the UK's leading power and gas companies, has today (TUES) launched its Energy Manifesto for the coming decades as the UK looks to reduce emissions, ensure energy is as affordable as possible and address the need to keep the lights on.
The Manifesto was launched by Dr Paul Golby, E.ON UK Chief Executive, at a special event in London where he outlined the ‘trilemma' of how to balance the priorities of carbon, costs and energy security.
"The UK's generation infrastructure is being massively overhauled. We must take this opportunity to make sure that the energy of the future is low carbon, secure and as low cost as possible," said Dr Golby.
"We are calling for a new, balanced and honest debate about the UK's energy needs, one that truly assesses the consequence in terms of carbon, cost and security of our energy choices."
"Our interest in the outcome of this debate - and our willingness to fully participate in it - is driven by the fact that we have already begun to help build the energy infrastructure for the future.
"Yet, at every turn - on renewables, on coal and no doubt on nuclear - the siloed, narrow and superficial nature of the current energy debate is hampering our ability to meet the country's future energy needs."
- Currently building one of the world's largest gas-fired CHP power stations (1,350MW) at the Isle of Grain in Kent at a cost of £500m;
- Applying to build a 1,600MW cleaner coal-fired power station at Kingsnorth in Kent at a cost of at least £1.5bn. The company has also entered the station into the Government's carbon capture and storage competition;
- Working on the early stages of building the 1,200MW Drakelow CCGT in Derbyshire;
- Currently building the 180MW £325m Robin Rigg offshore wind farm in the Solway Firth;
- Applying to build the 300MW £700m Humber Gateway offshore wind farm;
- Investigating two major marine projects, a wave power scheme off north Cornwall and a tidal stream project off Pembrokeshire;
- Part of the consortium looking to build the world's largest offshore wind farm, the 1,000MW London Array, in the Thames approaches;
- Looking at the possibility of building at least two nuclear power stations, and is working with AREVA and Westinghouse on designs;
- Investigating a green development portfolio that could supply around a million homes and displace the emission of two million tonnes of carbon dioxide a year.
Notes to editors:
- E.ON is one of the UK's leading power and gas companies - generating and distributing electricity, and retailing power and gas - and is part of the E.ON group, the world's largest investor-owned power and gas company. We employ around 17,000 people in the UK;
- E.ON is the new name for Powergen. Our retail business is a leading energy supplier in the UK, with around 8 million electricity and gas customer accounts, covering domestic, SME and industrial. E.ON offers central heating and boiler care through its Home Energy Services business;
- Our distribution business, branded Central Networks, provides a reliable supply to 4.9 customers in central England through 133,000km of underground and overhead cables - enough to go round the Earth more than three times - and via almost 97,000 substations. The company covers an area from the Peak District in the north to parts of Bristol in the south, and from the Welsh Borders to the Lincolnshire Coast;
- We are sponsoring The FA Cup, which is known as The FA Cup sponsored by E.ON. We are an official partner of The Tour of Britain, sponsoring the King of the Mountains competition;
- The generation business produces enough electricity to cater for the needs of around eight million homes from a portfolio of world-class gas, coal and oil fired power stations;
- We are a market leader in combined heat and power, providing our customers with around 600MW of electricity and more than 1,000MW of heat at 13 sites across the country;
- We're one of the leading green generators in the UK, with 21 wind farms located from Cornwall to Northern Ireland. We also burn biomass material mixed with coal in two of our power stations and have recently completed one of the UK's largest dedicated biomass power stations at Lockerbie. Combined, our renewable portfolio generates enough green energy to power the homes in a city the size of Manchester;
- We plan to spend £1bn on new renewables in the next five years, including new onshore and offshore wind, new biomass and wave and tidal power. Our green development portfolio could power over a million homes and displace the emission of almost two million tonnes of carbon dioxide a year;
- Our target is to cut the carbon released by each kW of electricity we generate by 10% between 2005-2012, having already reduced it by 20% since 1990;
- We have 1,300MW of renewable capacity under development;
- We invested £53 million in energy efficiency in 2006. These measures included loft and cavity wall insulation, installation of energy efficient boilers and smart metering, a technology we are investing a further £12 million in over the next two years.;
- Our non-operational carbon intensity dropped by 15.5% per employee in 2006;
- We are investing £50 million in new technologies and approaches over the next 5 years, through the Energy Technologies institute;
- We have Biodiversity Action Plans at many of our sites which align us with the UK target of significantly reducing biodiversity loss;
- E.ON Group has announced it intends to reduced the carbon intensity of its generation by 50% by 2030 (on 1990 levels);
- E.ON Group aims to spend €6bn on green generation by the end of 2010.
For more information contact:
Jonathan Smith on 024 7618 3676
Emily Highmore on 024 7618 3680
Andrew Barrow on 024 7618 3677
Deanna Mooney on 024 7618 3678
Jamee Majid on 024 7618 2679