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606858

registered interest
date	20/10/2016
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy: Imports
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of trends in the exchange rate on future energy imports; and if he will make a statement.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	49665
answer	answer is ministerial correction date of answer 27/10/2016 answer text <p>Departmental officials advise that exchange rates are one of the factors which influence future energy imports and their cost. For example, the cost of importing gas is also affected by the availability and cost of a range of gas supplies, infrastructure constraints and global and regional demand. The cost of importing electricity to the UK through its interconnectors with other European countries is also influenced by the electricity generation mix in Europe, by gas, coal and carbon prices and by the level of electricity demand in the UK and other European countries.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 27/10/2016 11:53:40 answering member 3991 label Biography information for Jesse Norman
tabling member	308 label Biography information for Mr Jim Cunningham

536137

registered interest
date	13/07/2016
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Energy: Imports
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 12 July 2016 to Question 42023, whether his Department has made an assessment of the potential effect of exchange rate fluctuations following the EU referendum on the (a) cost to the UK of importing energy and (b) levels imported; and if he will make a statement.
tabling member constituency	Coventry South
tabling member printed	Mr Jim Cunningham
uin	42653
answer	answer is ministerial correction date of answer 25/07/2016 answer text <p>The Department has not made an assessment of the potential effect of exchange rate fluctuations on the levels or cost to the UK of imported energy following the EU referendum.</p><p> </p><p>It is too early to speculate on any resulting medium and long-term exchange rate fluctuations. Furthermore, exchange rates are only one of the factors that will influence volumes and costs of imported energy.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman question first answered 25/07/2016 08:49:15 answering member 3991 label Biography information for Jesse Norman
tabling member	308 label Biography information for Mr Jim Cunningham