Energy: Prices

Energy and Climate Change written question – answered on 30th March 2010.

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Photo of Gregory Barker Gregory Barker Shadow Minister (Energy and Climate Change)

To ask the Secretary of State for Energy and Climate Change what his most recent estimate is of the cost per unit to the customer of domestic gas and electricity in each year from 2010 to 2020.

Photo of David Kidney David Kidney Parliamentary Under-Secretary, Department of Energy and Climate Change

The Department does not make forecasts of gas and electricity retail prices since the Government do not take a view of what prices will be set in competitive markets.

However, the Department uses a range of assumptions of the future wholesale prices of fossil fuels in the DECC energy model representing different scenarios for future wholesale prices. The most recent published results of the DECC model projections including retail prices were published with the Low Carbon Transition Plan:

http://www.decc.gov.uk/media/viewfile.ashx?filepath=statistics/proJections/1_20090715101435_e_@@_tablee.xls&filetype=4

A copy of the Low Carbon Transition Plan projections will be placed in the Libraries of the House.

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