Estimates of average annual industrial electricity prices for IEA countries, including the UK and USA, are shown in Table 5.3.1 of DECC\u2019s publication Quarterly Energy Prices (QEP).<\/p>
The table is available at the following web link:<\/p>
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/388200/qep_531.xls<\/a><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"}
}
, "answeringMemberConstituency" : {"_value" : "West Suffolk"}
, "answeringMemberPrinted" : {"_value" : "Matthew Hancock"}
, "dateOfAnswer" : {"_value" : "2015-03-20", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2015-03-20T14:51:18.457Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "63"}
, "answeringDeptShortName" : {"_value" : "Energy and Climate Change"}
, "answeringDeptSortName" : {"_value" : "Energy and Climate Change"}
, "date" : {"_value" : "2015-03-17", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Electricity: Prices"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Energy and Climate Change, what the average industrial electricity price is in the (a) UK and (b) US.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/14", "label" : {"_value" : "Biography information for Sir John Redwood"}
}
, "tablingMemberConstituency" : {"_value" : "Wokingham"}
, "tablingMemberPrinted" : [{"_value" : "Mr John Redwood"}
], "uin" : "227743"}
, {"_about" : "http://data.parliament.uk/resources/222484", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/222484/answer", "answerText" : {"_value" : " I refer my hon. Friend to the answer given to Question 224767.<\/p> Under their Electricity Balancing Significant Code Review, Ofgem have committed to implement a 1MWh Price Average Reference (PAR) measure for imbalance (\u201ccash out\u201d) prices. Although this does not relate directly to the Capacity Market, Ofgem intend to implement changes to cash out ahead of 2018/19:<\/p> https://www.ofgem.gov.uk/ofgem-publications/87782/electricitybalancingsignificantcodereview-finalpolicydecision.pdf<\/a>.<\/p> It is likely that expected changes to the Price Average Reference will already have been factored into Capacity Market auction bids.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"}
}
, "answeringMemberConstituency" : {"_value" : "West Suffolk"}
, "answeringMemberPrinted" : {"_value" : "Matthew Hancock"}
, "dateOfAnswer" : {"_value" : "2015-02-26", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2015-02-26T15:04:21.03Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "63"}
, "answeringDeptShortName" : {"_value" : "Energy and Climate Change"}
, "answeringDeptSortName" : {"_value" : "Energy and Climate Change"}
, "date" : {"_value" : "2015-02-20", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Electricity: Prices"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Energy and Climate Change, what steps his Department has taken with Ofgem to achieve a Price Average Reference (PAR) of 1MWh in future Capacity Market auctions; and when he expects that PAR to be implemented.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4075", "label" : {"_value" : "Biography information for Christopher Pincher"}
}
, "tablingMemberConstituency" : {"_value" : "Tamworth"}
, "tablingMemberPrinted" : [{"_value" : "Christopher Pincher"}
], "uin" : "224768"}
, {"_about" : "http://data.parliament.uk/resources/222485", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/222485/answer", "answerText" : {"_value" : " The information requested is a matter for Ofgem.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"}
}
, "answeringMemberConstituency" : {"_value" : "West Suffolk"}
, "answeringMemberPrinted" : {"_value" : "Matthew Hancock"}
, "dateOfAnswer" : {"_value" : "2015-02-26", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2015-02-26T16:01:42.92Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "63"}
, "answeringDeptShortName" : {"_value" : "Energy and Climate Change"}
, "answeringDeptSortName" : {"_value" : "Energy and Climate Change"}
, "date" : {"_value" : "2015-02-20", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Electricity: Prices"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Energy and Climate Change, what assessment his Department has made of the potential effect on consumers' electricity bills of reducing the Price Average Reference to 1MWh by 2018.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4075", "label" : {"_value" : "Biography information for Christopher Pincher"}
}
, "tablingMemberConstituency" : {"_value" : "Tamworth"}
, "tablingMemberPrinted" : [{"_value" : "Christopher Pincher"}
], "uin" : "224766"}
, {"_about" : "http://data.parliament.uk/resources/222486", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/222486/answer", "answerText" : {"_value" : " Under their Electricity Balancing Significant Code Review, Ofgem have committed to implementing a move to a 1MWh Price Average Reference (PAR) measure by 2018/19, the first delivery year by the Capacity Market:<\/p> https://www.ofgem.gov.uk/ofgem-publications/87782/electricitybalancingsignificantcodereview-finalpolicydecision.pdf<\/a>.<\/p> It is therefore expected that this modification has been already factored into Capacity Market auction bids, by current and potential future participants.<\/p> Other things being equal, a more cost-reflective wholesale electricity price would be expected to lower bids in the CM; greater revenues earned through the electricity market would offset revenues sought via the Capacity Market. Please see Ofgem\u2019s Impact Assessment on implementation of EBSCR changes for further details:<\/p> https://www.ofgem.gov.uk/ofgem-publications/87787/electricitybalancingsignificantcodereview-finalpolicydecisionimpactassessment.pdf<\/a>.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4070", "label" : {"_value" : "Biography information for Matt Hancock"}
}
, "answeringMemberConstituency" : {"_value" : "West Suffolk"}
, "answeringMemberPrinted" : {"_value" : "Matthew Hancock"}
, "dateOfAnswer" : {"_value" : "2015-02-26", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2015-02-26T15:02:10.407Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "63"}
, "answeringDeptShortName" : {"_value" : "Energy and Climate Change"}
, "answeringDeptSortName" : {"_value" : "Energy and Climate Change"}
, "date" : {"_value" : "2015-02-20", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Electricity: Prices"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Energy and Climate Change, what assessment his Department has made of the potential effect of reducing the Price Average Reference to 1MWh by 2018 on the cost of running future Capacity Market auctions.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4075", "label" : {"_value" : "Biography information for Christopher Pincher"}
}
, "tablingMemberConstituency" : {"_value" : "Tamworth"}
, "tablingMemberPrinted" : [{"_value" : "Christopher Pincher"}
], "uin" : "224767"}
, {"_about" : "http://data.parliament.uk/resources/222490", "AnsweringBody" : [{"_value" : "Department for Energy and Climate Change"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/222490/answer", "answerText" : {"_value" : " Regional electricity bills, based on fixed consumption levels are published in Quarterly Energy Prices, table 2.2.3 and table 2.2.4:<\/p>