Energy: Prices
(asked on 24th February 2015) - View Source
Question
To ask the Secretary of State for Energy and Climate Change, what estimate his Department has made of the wholesale cost of (a) electricity and (b) gas in each year since 2001.
DECC does not itself estimate wholesale market prices for electricity and gas. These prices are provided to us on a commercial basis by Marex Spectron and ICIS Heren for electricity and gas respectively.
We have calculated yearly averages of the day-ahead wholesale electricity and gas prices (respectively) provided to DECC by Marex Spectron and ICIS Heren respectively on license. These are shown in the table below. Wholesale gas data provided to DECC is only available from 2007.
Year | Wholesale gas (p/therm) price | Electricity (£/MWh) |
(Source: NBP day-ahead price from ICIS Heren) | (Source: day-ahead price from Marex Spectron) | |
2001 | 18.40 | |
2002 | 16.70 | |
2003 | 21.20 | |
2004 | 22.60 | |
2005 | 39.00 | |
2006 | 42.60 | |
2007 | 30 | 31.10 |
2008 | 58 | 74.50 |
2009 | 31 | 37.50 |
2010 | 42 | 41.90 |
2011 | 56 | 48.20 |
2012 | 60 | 45.10 |
2013 | 68 | 50.60 |
2014 | 50 | 42.40 |