Fossil Fuels: Prices

Department for Energy and Climate Change written question – answered on 24th February 2015.

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Photo of Graham Stringer Graham Stringer Labour, Blackley and Broughton

To ask the Secretary of State for Energy and Climate Change, pursuant to the Answer of 28 January 2015 to Question 221753, whether his Department's three fossil fuel price projections used in policy-making include a projection in which the recent change in fossil fuel prices resembling the recent worldwide fall in such prices.

Photo of Matthew Hancock Matthew Hancock Minister of State (Department for Business, Innovation and Skills), Minister of State for Portsmouth, The Minister of State, Department of Energy and Climate Change

Holding answer received on 12 February 2015

DECC’s projections for oil, gas and coal prices include scenarios to appraise the implications of sustained low prices. We will ensure we use the latest information to inform policy decisions.

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