Notes
Low and High prices from DECC Fossil Fuel Price Projections. Prices are from 2030 - the furthest projections reach - and are assumed to stay the same between then and 2050.
As a simplifying assumption, we have treated domestic production of oil as costing the same as imports.
XVI.b Balancing imports costs and XV.b Indigenous fossil-fuel production explain how this assumption is used in the 2050 pathways project.