Energy: Prices

Energy and Climate Change written question – answered on 11th June 2014.

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Photo of Caroline Flint Caroline Flint Shadow Secretary of State for Energy and Climate Change

To ask the Secretary of State for Energy and Climate Change with reference to the answer of 10 April 2013, Official Report, column 1119W, on energy prices, what estimate his Department has made of changes to the wholesale cost of (a) electricity and (b) gas in (i) 2013 and (ii) January to May 2014.

Photo of Gregory Barker Gregory Barker The Minister of State, Department of Energy and Climate Change

The average GB wholesale electricity price in January 2013 was 5.00 pence/kWh. By December 2013 this had risen by 2% to 5.10 pence/kWh. The average price for January 2014 was 4.78 pence/kWh. By May 2014 this had fallen by 17% to 3.97 pence/kWh.

The average GB wholesale gas price in January 2013 was 2.28 pence/kWh. By December 2013 this had risen by 4% to 2.37 pence/kWh. The average price for January 2014 was 2.22 pence/kWh. By May 2014 this had fallen by 30% to 1.55 pence/kWh.

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