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Carbon emissions trading set to push up consumer price of electricity
1 January 2005
The Danish government's tax department reports that the European Trading System (ETS) for carbon emissions, which started in January, will cost the country's electricity consumers an extra DKK 800 million (EUR 107.7 million) a year, the equivalent of DKK 0.02-0.04/kWh (EUR 0.0027-0.0054/kWh) on the price of electricity. Electricity company Energi Danmark-Disam predicts that Denmark's reduced national allocation of allowances to emit CO2 under the ETS will further raise electricity prices by DKK 0.054/kWh. The association of Danish industry expects even greater increases. Former Social Democratic energy minister Svend Auken, responsible for the laws that made Denmark a world leader in wind power, puts the blame for the higher bills on the current right wing government. If it had pursued a renewable energy policy, no longer would the biggest proportion of Denmark's electricity come from coal and gas, says Auken.
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