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<p>With regards to wholesale electricity prices, DECC does not make internal assessments
of wholesale prices in G7 countries, but we do review data from external publications
(including the IEA Energy Prices Publication by the International Energy Agency).
Wholesale electricity prices vary across countries because of differences in energy
mix, i.e. the type of generation (coal, gas, nuclear, wind, etc) available in the
country; differences the type of market and regulatory framework in place, and differences
in interconnection, i.e the links to other countries.</p><p>With regards to domestic
energy prices, DECC publishes the UK’s rank in the G7 for domestic electricity and
gas prices in its quarterly publications on domestic electricity and gas prices in
the IEA. For domestic electricity, including taxes, the UK ranked 4th highest in the
G7 in 2013. For domestic gas, including taxes, the UK ranked 3rd lowest in the G7
in 2013. These ranks have not changed in the last 5 years.</p>
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