Wholesale Gas Prices

Trade and Industry written question – answered on 7th November 2005.

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Photo of John Hemming John Hemming Liberal Democrat, Birmingham, Yardley 7th November 2005

To ask the Secretary of State for Trade and Industry what assessment he has made of the impact of the practice of straddling, whereby a domestic retail supplier sells gas at a fixed price and buys gas at a variable wholesale price.

Photo of Malcolm Wicks Malcolm Wicks Minister for energy, Department of Trade and Industry 7th November 2005

The Government have not undertaken an assessment of this practice.

Pricing decisions in the retails gas market are a commercial matter for suppliers.

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