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Commodity pricing

Commodity prices for gas, coal and biomass are forecast using a combination of

  • Modo short-term projections;
  • Current forward curves;
  • And, longer term FES projections.

Hydrogen costs are projected using the Modo Energy hydrogen model. This accounts for production, storage and transportation costs.

Prices are annual, but we inject seasonality into the gas and hydrogen curves to reflect the annual impact of supply and demand on prices.

Conversion factors

£/tonne -> £/MWh for coal: this unit conversion gives a factor of 8.14MWh/tonne.