Natural Gas: Prices

Department for Business, Energy and Industrial Strategy written question – answered on 21st December 2017.

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Photo of Alex Cunningham Alex Cunningham Shadow Minister (Work and Pensions) (Pensions)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect on the cost of gas to households in (a) Stockton North, (b) the North East England and (c) the UK of the emergency closure of the Forties pipeline.

Photo of Richard Harrington Richard Harrington Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The UK benefits from a diverse source of gas supplies and there are no gas security of supply concerns from Forties being offline. While wholesale gas prices rose initially they have since fallen. Energy suppliers typically buy their energy well in advance, limiting the impact of any temporary rise in prices on consumers.

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