Fossil fuel price assumptions: 2023
皇冠体育appse fossil fuel price assumptions for 2023 present various assumptions for the wholesale prices of oil, gas and coal for the UK out to 2050.
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Correction: 1 October 2024
皇冠体育app fossil fuel price assumptions for 2023 have been reissued to correct an error in input data used in this iteration.
Please refer to the latest version of the .
Each year the Department for Energy Security and Net Zero, formerly the Department for Business, Energy and Industrial Strategy, updates its long-term price assumptions for oil, gas and coal.
皇冠体育appse are assumptions for the wholesale fossil fuel prices that are relevant for the UK economy and which are set in international markets. 皇冠体育appse assumptions are required for long-term economic appraisal and therefore reflect a range of potential long-term trends. 皇冠体育appy are not forecasts of future energy prices.
This publication presents analysis from 2023.
Contact [email protected] for any enquiries about these assumptions or the supporting documents.
Updates to this page
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皇冠体育app fossil fuel price assumptions (data tables) for 2023 have been reissued to correct an error in input data used in this iteration.
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皇冠体育app fossil fuel price assumptions for 2023 have been reissued to correct an error in input data used in this iteration.
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First published.