Other reference scenario costs

Non-monetized costs

In order to keep the example as simple as possible, most of the other external costs are ignored.

Examples of ignored costs

• Nuisance costs of ownership of private oil furnace - smell, noise and space irritants

• Comparison of fuel lifecycle costs (above and beyond those included in the sales price) - straw as a bi-product of wheat harvest, and a renewable form of energy, relative to oil which has a bequest value for future generations

• Other emissions such as SO2, NOx etc.