Energy: Prices

(asked on 6th September 2022) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has made an assessment of the reasons behind the levels of energy pricing in other European countries compared to those in the UK.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 23rd September 2022

Differences in prices across countries are influenced by many factors, including differences in fuel mixes, market structures, regulation, and taxation strategies within each country.

For example, some countries have historically passed proportionally more energy system costs onto households than businesses compared to the UK. Other countries benefit from very cheap hydropower.

This means that while all countries have been affected by the rise in global energy prices, the impact on households and businesses will vary between countries.

In light of the unprecedented increase in global energy prices, on September 8th the Government announced a package of measures to support people and businesses with their energy bills.

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