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Energy: Gas Prices

Volume 702: debated on Tuesday 24 June 2008

asked Her Majesty's Government:

What recent forecasts have been made of the retail price of gas in (a) six months' time, (b) one year's time, and (c) two years' time. [HL4117]

The Department for Business, Enterprise and Regulatory Reform does not publish retail price forecasts for gas.

It publishes crude oil, wholesale gas and coal price assumptions for the period till 2020, which are used in the department's analytical work, where relevant. The updated set of future wholesale price assumptions published in May 2008 can be found using the following links:

www.berr.gov.uk/energy/environment/projections/recent/page26391.html

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