Hosted by
Energy Exposure: The Energy Lectures London Thursday 10th November 2011 We are in an unprecedented period for energy policy; with the over arching goal’s being to ‘secure energy supplies’ and deliver energy at ‘affordable prices’. However, are these two aims contradictory? What will be the cost to UK plc? and How can UK businesses prepare for the uncertain future?
Location Institute of Contemporary Arts, The Mall, London SW1Y 5AH. Located in the heart of central London, within the Prestigious Grade 1 Listed Nash House on The Mall. Established in 1947 by a collective of artists, poets and writers to explore contemporary culture across the broadest platforms, the ICA has been at the forefront of artistic experiment since its formation and has presented some of the most radical exhibitions, artists, films, music and thought to have shaped our world. It continues today as a dedicated space for new, experimental and independent arts practice and ideas.
Background ‘The energy challenge is one of the greatest tests faced by Europe today. Rising energy prices and increasing dependence on energy imports jeopardise our security and our competitiveness. Key decisions have to be taken to reduce drastically our emissions and fight climate change. What is more, huge investments of around 1trillion euro’s will be needed in the next decade to make Europe’s installations and infrastructure fit for the future’. Gunther H. Oettinger European Commissioner for Energy
Programme Reception 08:15am – 08:50am Session One: Keynote addresses, 09:00am – 11:10am Refreshments served 11:10am – 11:35am Session Two: Policy, 11:40am – 1:15pm Lunch served 1:15am – 2:10am Session Three: Future challenges, 2:15pm – 3:20pm Refreshments served 3:20am – 3:45am Closing debate: Our nuclear future, 3:50pm – 5:30pm
The delegate rate is £295+vat and includes the full day programme, ample time for networking, three refreshment breaks plus lunch. Less than 100 tickets are available. To guarantee your place book online today using this safe link… http://www.cvent.com/d/bcqnfq
Keynote addresses, 09:00am – 11:10am
Chairman’s opening remarks David Porter OBE Chief Executive Association of Electricity Producers ~~~~~~~~~~~~~ The Governments plans to impose a carbon floor price of £16 p/t rising over nine years to £30 p/t will add £2bn to the cost of the electricity we use. The same tax on gas will add £1bn thus increasing the cost to £3bn a year, rising to £5bn by 2020.
How will these measures affect British industry and is our competitiveness for investment at risk? Mark C. Lewis Managing Director Deutsche Bank AG ~~~~~~~~~~~~~
Can the UK emerge from the recession on a more competitive, secure and sustainable path? Dr Andrew Sentance Member of the MPC Bank of England ~~~~~~~~~~~~~
How are major plc’s preparing for an uncertain future? Giacinto Patellaro Energy Contracts Manager Marks & Spencer plc ~~~~~~~~~~~~~
A reminder of why reducing harmful climate emissions must be tackled today! Professor Peter Wadhams Head of the Polar Ocean Physics Group Cambridge University Member of the NASA Sea Ice Working Group ~~~~~~~~~~~~~ Questions & Answers
The delegate rate is £295+vat and includes the full day programme, ample time for networking, three refreshment breaks plus lunch. Less than 100 tickets are available. To guarantee your place book online today using this safe link… http://www.cvent.com/d/bcqnfq
Policy session, 11:40am – 1:15pm The Coalition promised a new approach to tax policy, one that would put consultation, simplification and investment at the centre. The Chancellor has done precisely the opposite – destroying the incentive to invest by treating the North Sea as a cash cow, there for the milking. Several oil and gas operators have threatened to axe investment and led some to threaten that they may quit the UK.
Are delays in investment undermining security of supplies? What effect will this have on the UK gas market? Tony Ward Partner-Power & Utilities Ernst & Young ~~~~~~~~~~~~~ Six of our large coal-fired power stations including Kingsnorth, Ferrybridge, Didcot A, Tilbury and Cockenzie may close two years earlier than the forecast date of 2015 for two reasons: 1. They were each given 20,000 further running hours under the EU’s Large Combustion Plants directive – they have used up many more hours than predicted due partly to the abnormally cold winter of 2010/11. 2. The new ‘carbon tax’ will make them £600m a year more expensive to run due to the £16 p/t of carbon emitted.
Are we on the path to serious gaps in delivery? What are the UK Governments medium-term policies? How will this affect prices? Will gas gain even more importance as the back-up fuel for variable electricity generation when coal loses its grip? Dr Simon Skillings Director Trilemma UK ~~~~~~~~~~~~~ Policy is decisive in creating a stable and transparent framework for investment decisions. The EU Commission stated that ‘In particular, retroactive changes to support schemes should be avoided given the negative effect such changes have on investor confidence’.
Have the UK Government’s changes to policies such as the Carbon Reduction Commitment and Feed-In Tariffs destroyed market confidence? What are the net effects of such actions? Angus Evers Partner Head of Environment SJ Berwin ~~~~~~~~~~~~~ Energy efficiency is one of the central objectives of the ‘Energy 2020’ paper published by the EU Commission. Energy efficiency is regarded as the most cost-effective way to reduce emissions, improve energy security and maintain competitiveness.
Is the UK’s energy policy robust enough to stimulate higher energy savings? Is the Government doing enough to decouple energy use from economic growth? Chris Lambert Director Westminster Energy Policy Forum ~~~~~~~~~~~~~ Questions & Answers
The delegate rate is £295+vat and includes the full day programme, ample time for networking, three refreshment breaks plus lunch. Less than 100 tickets are available. To guarantee your place book online today using this safe link… http://www.cvent.com/d/bcqnfq
Future challenges, 2:15pm – 3:20pm The Climate Change Committee stated that 40% of the UK’s electricity should come from renewable’s and 40% from nuclear.
What would the final bill be for such ambitious plans? Dan Lewis Chief Executive Economic Policy Centre ~~~~~~~~~~~~~
Will Carbon Capture & Storage deliver the best economic solution to a low carbon economy? Dr Jeff Chapman Chief Executive Carbon Capture & Storage Association ~~~~~~~~~~~~~ Questions & Answers
Closing debate Our nuclear future, 3:50pm – 5:30pm The EU Commission has stated that the longer-term future should consider next-generation fission systems with cogeneration of heat and electricity. Professor Sir David King has reportedly said that the UK has the largest stockpile of plutonium in the world from spent nuclear fuel and the fact new generation reactors can run on recycled fuel (the new MOX plants, run on mixed oxide from plutonium and uranium) maybe this should be the future.
Is this our nuclear power future or will nuclear fusion be the key?
John Busby Author & Researcher ~~~~~~~~~~~~~ Dr David Ward Chief Scientist Culham Centre for Fusion Energy ~~~~~~~~~~~~~ Debate inc Q&A
The delegate rate is £295+vat and includes the full day programme, ample time for networking, three refreshment breaks plus lunch. Less than 100 tickets are available. To guarantee your place book online today using this safe link… http://www.cvent.com/d/bcqnfq