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Natural Gas: Prices

Volume 488: debated on Tuesday 24 February 2009

To ask the Secretary of State for Energy and Climate Change what data his Department (a) collects and (b) compiles on (i) spot and (ii) future wholesale gas prices. (255863)

DECC collects and compiles data on wholesale gas spot and forward prices, as well as other relevant price indicators, from a range of sources, including proprietary information providers, media, and organisations in the sector for internal analysis. These data include the UK system average price and prices for gas for the day-ahead, working days next week, monthly, quarterly, half yearly and yearly. Similar data for trading hubs in Belgium, the Netherlands and the US are also collected.

DECC produces assumptions for future trends in fossil fuel wholesale prices (including gas) up to 2030 which are used for modelling and other analytical work. This information is available on the following website:

http://www.berr.gov.uk/files/file46071.pdf.