Question
To ask the Secretary of State for Energy and Climate Change, pursuant to his oral contribution of 2 April 2014, Official Report, column 908, on energy price freeze, how much investment there was in the electricity sector in each year between 1997 and 2013.
We are not aware of a single data series covering investment in the electricity sector from 1997 to 2013.
There is data available from ONS for investment in the electricity sector based on their quarterly business investment estimates, from 1995 up to 2010. This information was included in the latest edition of DECC's UK Energy In Brief:
https://www.gov.uk/government/collections/uk-energy-in-brief.
However, ONS are now revising their methodology for this data series, which they are in the process of finalising.
A more up-to-date source of ONS data on historic investment in the electricity sector is the Annual Business Survey data (http://www.ons.gov.uk/ons/rel/abs/annual-business-survey/2012-provisional-results/stb-abs-2012.html), which covers data between 2004 and 2012.
As part of the analysis to support the DECC Investment Report, we have also made estimates of investment in the electricity sector since 2010.
The annual data from these three sources are set out in the table below:
Investment (£bn, 2012 prices) | |||
ONS (1995-2010)* | ONS (2004-2012)* | DECC (2010-2013) | |
1995 | 3.0 | N/A | N/A |
1996 | 2.3 | N/A | N/A |
1997 | 2.8 | N/A | N/A |
1998 | 3.0 | N/A | N/A |
1999 | 3.7 | N/A | N/A |
2000 | 3.6 | N/A | N/A |
2001 | 3.5 | N/A | N/A |
2002 | 2.8 | N/A | N/A |
2003 | 2.9 | N/A | N/A |
2004 | 0.8 | 3.0 | N/A |
2005 | 1.5 | 4.0 | N/A |
2006 | 1.8 | 4.5 | N/A |
2007 | 3.5 | 5.9 | N/A |
2008 | 4.6 | 5.7 | N/A |
2009 | 5.5 | 6.8 | N/A |
2010 | 5.7 | 5.9 | 8.8 |
2011 | N/A | 7.3 | 11.3 |
2012 | N/A | 10.2 | 13.9 |
2013 | N/A | N/A | 14.4 |
* deflated to 2012 using GDP deflator (https://www.gov.uk/government/publications/gdp-deflators-at-market-prices-and-money-gdp-march-2013)