Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy., what assessment his Department has made of the potential implications for its policies of fluctuations in the rate of electricity market pricing per megawatt hour in the last 10 years; and what assessment his Department has made of the potential impact of inflation on those rates.

BEIS carries out regular monitoring of the wholesale market price to inform policy. Ofgem regularly publish data on wholesale electricity market prices.

As has widely been noted, the recent increase in electricity market prices has largely been driven by an increase in the wholesale market price for gas as a result of Russia's illegal invasion of Ukraine, as opposed to wider inflation.