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<p>We published the consultant's report, commissioned to analyse the costs and benefits of three potential interventions, on September 4, at the time Government's decision not to take any of these interventions forward was announced.</p><p>The report includes an assessment of the impacts of each of the interventions, under the (a) stressed scenario and (b) Gone Green scenario using hurdle rates of (i) 13% and (ii) 8% for consumer welfare, as well as that for suppliers and storage operators. The assessment of the impacts on consumer welfare includes the impact on the retail cost of gas. However, no further assessment was made of the second order impacts on the public purse, or on the distribution of these impacts between particular consumers. The modelled impacts are summarised on pages eight and nine of the report, which is available to download from the URL below:</p><p>https://www.gov.uk/government/publications/gas-security-policy-assessment</p> |