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United Kingdom2024-07en

Fossil Fuel Price Assumptions 2024 Final Report

Summary

The UK's Department for Energy Security and Net Zero addresses the challenge of predicting volatile fossil fuel prices by publishing annual long-term price assumptions for oil, gas, and coal. This 2024 report provides a range of wholesale price scenarios from 2024 to 2050, calculated using market fundamentals and expert input. This process is completed annually, with this specific report serving as a finalized input for various government economic appraisals and policy modeling.

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