DECC’s fossil fuel price assumptions provide a range of scenarios of long term prices for the analysis of different government policies and for DECC's Energy Model's emissions projections. These assumptions take into account the best available information on the market fundamentals, presenting four illustrative scenarios which reflect different patterns of demand and investment in supply.
These assumptions are an update to the May 2008 assumptions, taking into account new evidence on the market fundamentals and feedback received on previous assumptions. These revised assumptions will be used in future DECC policy analysis such as the Renewable Energy Strategy.
Our 'Updated Energy and Carbon Emissions Projections' paper (link below) updates all previous work on emissions projections: