Asked by: William Cash (Conservative - Stone)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the average price of electricity supplied by (a) interconnectors and (b) other electricity generation was in the last year for which figures are available.
Answered by Lord Harrington of Watford
The Government does not hold prices on electricity imports over interconnectors. This is commercial information held by market participants.
As regards the average price for other electricity generation, the average UK power price in the day ahead market, the most commonly cited trading time frame, was £45.01 over the past 12 months. This is an incomplete picture as power is sold across a number of time frames, from year ahead through to intraday trading, and it would be inappropriate to extract wholesale prices from one time frame and use it to infer prices across other time frames. The Government does not have visibility of longer term time frames, which is commercial information held by market participants.