Figure 1
Four line graphs plot declining p h against q h for changes in fuel price, carbon price, alpha h, and p f.The vertical axis in each panel represents p h from 0 to 300 pounds sterling per megawatt hour, while the horizontal axis represents q h from 0 to 500 megawatt hours. All curves decrease steeply at low q h values and then decline more gradually. Panel 1 compares p Y at 500, 700, and 1000 euros per tonne. At q h near 500 megawatt hours, p h reaches approximately 55, 80, and 115 pounds sterling per megawatt hour respectively. Panel 2 compares carbon dioxide prices of 65, 100, and 200 euros per tonne of carbon dioxide. The three curves remain closely grouped and decline from approximately 300 to 80 pounds sterling per megawatt hour. Panel 3 compares alpha h values of 0.45, 0.5, and 0.65. At q h near 500 megawatt hours, p h reaches approximately 20, 30, and 80 pounds sterling per megawatt hour respectively. Panel 4 compares p f at 30, 50, and 100 euros per megawatt hour. The curves remain closely grouped and decline from approximately 300 to 80 pounds sterling per megawatt hour.

The effect of emission targets and input and output prices on the hydrogen demand

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