CBI Energy Conference 2011 - Tim Morris

CBI Energy Conference – supporting energy users June 2011 Tim Morris Head of Climate Change Tata Steel Europe [email_address] +44-207-717-4598

CBI Energy Conference – supporting energy users We take energy very, very seriously ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

CBI Energy Conference – supporting energy users UK industry bearing a significant cost We’re starting behind… … and it looks like it might get worse Scenario for Tata Steel UK-only electricity ‘green costs’ exposure** (Aggregate spend, rebased to 2010) Average UK, German and French wholesale power prices* (£/MWh) Sources: Reuters, Waters Wye study for EIUG / TUC, March 2011 * Average daily year ahead baseload price, February 2003 to date , translated at daily £/€ FX rate ** UK only green costs cover estimated impacts of RO / FITs, CCL including rebate, CCS/EPS, Capacity market costs, CFP impact. Excludes EU ETS impact and additional transport & distribution investment costs 17% 14% 5x

CBI Energy Conference – supporting energy users Where should the policy priorities be? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],There is a winning solution for the UK with foundation industries having a crucial role Shaping the demand side landscape Investing in infrastructure Competitive cost of energy

CBI Energy Conference 2011 - Tim Morris

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CBI Energy Conference 2011 - Tim Morris