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Annex A – Scenario details<br />

A.II Price scenarios<br />

Figure 9.2 gives an overview of the chosen commodity<br />

price scenarios. Lignite and hard coal prices rema<strong>in</strong><br />

relatively stable until 2030. Gas prices <strong>in</strong>crease<br />

slightly. The sharpest <strong>in</strong>crease <strong>in</strong> prices is expected<br />

for crude oil and CO 2 .<br />

A.II.I Fuel price scenarios<br />

While there are world market prices for oil, fuel costs<br />

differ significantly between cont<strong>in</strong>ents, regions, and<br />

even neighbour<strong>in</strong>g countries. The basis for these differences<br />

stems from variable taxation, delivery costs<br />

(e.g. geographical aspects), promotion and regulation<br />

systems or the different market designs. To estimate<br />

the development of fuel prices for power stations<br />

(coal, oil, gas) economic scenarios and outlooks have<br />

been analysed and evaluated. 50<br />

FiGuRe 9.2: cOmmOdity pRices.<br />

Prices (€2007/MWh)<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

For the data analysis the different fuel types can be<br />

divided <strong>in</strong>to two groups: fuel types with and without an<br />

exist<strong>in</strong>g <strong>Europe</strong>an market. Fuel types with an exist<strong>in</strong>g<br />

<strong>Europe</strong>an market are nuclear fuel elements, crude oil<br />

(and derived products) and hard coal. For these fuel<br />

types the same price scenario is used for all countries<br />

(one <strong>Europe</strong>an price scenario). Lignite and natural<br />

gas are not traded on the <strong>Europe</strong>an market. Price<br />

scenarios for these fuel types are def<strong>in</strong>ed on a by<br />

country basis. The follow<strong>in</strong>g paragraphs conta<strong>in</strong> the<br />

f<strong>in</strong>d<strong>in</strong>gs for the different fuel types. All prices are expressed<br />

as real prices. The base year for all fuel price<br />

calculations/ scenarios is 2007.<br />

2010 2020 2030<br />

Crude oil 35,4 44,9 53,8<br />

Hard coal 11,1 10,7 10,1<br />

Lignite EU 4,2 4,2 4,2<br />

Gas EU 21,5 23,8 24,6<br />

CO 2 (€ 2007/t) 23,0 36,0 44,4<br />

50 These <strong>in</strong>clude the latest DG TREN scenarios calculated with the PRIMES model, the IEA World <strong>Energy</strong> Outlook, publications from<br />

the GreenNet project and scenarios proposed by different <strong>in</strong>stitutions (e.g. EWI/Prognos, Eurelectric).<br />

108 <strong>Offshore</strong>Grid – F<strong>in</strong>al Report

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