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Gas Prices

Volume 977: debated on Tuesday 29 January 1980

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asked the Secretary of State for Energy if he will give the real price of gas as expressed in 1970 £ sterling values for 1970 and 1980.

The average price of gas in 1970 for a domestic customer using 400 therms a year was 10·5 pence per therm, and for a domestic customer using 800 therms a year was 8·9 pence per therm. It is estimated that the real price of gas in January 1980 at 1970 prices would be 6·7 pence per therm for the consumption of 400 therms a year, and 5·9 pence per therm for the consumption of 800 therms a year.