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Written question asked by Caroline Flint (Labour) on Tuesday, 24 February 2015, in the House of Commons. It was due for an answer on Thursday, 26 February 2015. It was answered by Matt Hancock (Conservative) on Monday, 2 March 2015 on behalf of the Department of Energy and Climate Change.

Energy: Prices

Question

To ask the Secretary of State for Energy and Climate Change, what estimate his Department has made of the wholesale cost of (a) electricity and (b) gas in each year since 2001.

Answer

DECC does not itself estimate wholesale market prices for electricity and gas. These prices are provided to us on a commercial basis by Marex Spectron and ICIS Heren for electricity and gas respectively.

We have calculated yearly averages of the day-ahead wholesale electricity and gas prices (respectively) provided to DECC by Marex Spectron and ICIS Heren respectively on license. These are shown in the table below. Wholesale gas data provided to DECC is only available from 2007.

Year

Wholesale gas (p/therm) price

Electricity (£/MWh)

(Source: NBP day-ahead price from ICIS Heren)

(Source: day-ahead price from Marex Spectron)

2001

18.40

2002

16.70

2003

21.20

2004

22.60

2005

39.00

2006

42.60

2007

30

31.10

2008

58

74.50

2009

31

37.50

2010

42

41.90

2011

56

48.20

2012

60

45.10

2013

68

50.60

2014

50

42.40

Secondary information

Type
Written question
Reference
225172
Session
2014-15
Subjects
Energy Prices
Contains statistics
Yes
Link
View this Written question on www.parliament.uk