Fossil Fuel Price Assumptions 2023 Final Report

Summary

The UK's Department for Energy Security and Net Zero addresses the challenge of high uncertainty in forecasting future fossil fuel prices for policy appraisal. Their approach involves publishing annual Fossil Fuel Price Assumptions (FFPA) for oil, gas, and coal, providing a methodology and a range of price scenarios from 2023 to 2050. This report, completed in August 2023, serves as a crucial input for government modelling to stress-test policy options against different market conditions, supporting long-term economic appraisal.

Key Facts

Source Document

https://example-government.gov/policy-document-link