Mid-May, the prices of CO₂ emissions rose to EUR 15 per tonne. The upward trend in CO₂ prices has been clearly visible for half a year. This is favourable for the clean installation of Circular Energy.
For a new power plant, the owner must purchase emission allowances for the amount of CO₂ emitted by the plant. This is (almost) zero for Circular Energy because our power station captures and stores the CO₂ immediately. A gas-fired plant without carbon capture costs € 6.60 in CO₂ emission costs per MWh produced. For a coal-fired plant, that is roughly double.
The higher costs are calculated in the price the power station has to charge for the electricity and therefore in the market prices. That is the same market at which Circular Energy sells its energy. We therefore benefit from higher CO₂ prices through a higher market price.