The balancing imports spreadsheet describes how much Oil, Gas and Coal are imported.
The imports are always sufficient to meet demand for solid, liquid and gasous fuels after any bio- and domestic sources have been used. Those calculations are carried out in the 'year' worksheets (labeled 2007-2050).
Note that the model does not assume any limit to the quantity of each fuel that could be imported.
- XV.b Indigenous fossil-fuel production
Forecasts of fossil fuel prices:
Explanation of our working assumption:
- 2050 working assumption Oil Price 2050 working assumption 2030-50
- 2050 working assumption Coal Price 2050 working assumption 2030-50
- 2050 working assumption Gas Price 2050 working assumption 2030-50
- Exports earn the same cost as imports
- Fossil fuel prices follow DECC projections to 2030, then remain constant at the 2030 projected value.
Questions for Stakeholders
- Is it reasonable to assume the UK could become an exporter of coal?
- Is it reasonable to assume exports are the same price as imports?
Please use this space to make any general comments. Please add your name when commenting.
- 2050 Team: Tom Counsell