Low and High prices from DECC Fossil Fuel Price Projections. Prices in the period 2030 - 2050 are the value for 2030, which is the furthest projections reach.
Between 2010 and 2030, prices used in the model for any year are in line with the DECC projections for that year.
As a simplifying assumption, we have treated domestic production of gas as costing the same as imports.
XVI.b Balancing imports costs and XV.b Indigenous fossil-fuel production explain how this assumption is used in the 2050 pathways project.