Offshore Electricity Infrastructure in Europe - European Wind Energy ...
Offshore Electricity Infrastructure in Europe - European Wind Energy ...
Offshore Electricity Infrastructure in Europe - European Wind Energy ...
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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