The average GB wholesale electricity price in 2013 was 4.98 pence/kWh1. For gas, it was 2.32 pence/kWh2.
These prices do not necessarily reflect the costs faced by energy suppliers, who typically buy their energy over a period of time using forward contracts—a practice known as hedging. The particular hedging strategies employed by different suppliers are commercially confidential and not known to Government.
1 Source: data received by DECC from commercial price reporting companies.