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 impact of rising electricity costs on the price of gas.
The Government works closely with Ofgem, National Grid and other key industry organisations to monitor electricity and gas supply and the impacts on UK energy prices. As an internationally traded commodity, natural gas prices are primarily driven by the underlying price in the global market. Many of the factors affecting the spikes seen recently in wholesale gas prices are attributable to international activity extending beyond the UK's domestic energy market.