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Electricity: Prices

Question for Department for Energy and Climate Change

UIN 15590, tabled on 9 November 2015

To ask the Secretary of State for Energy and Climate Change, if she will list the average wholesale price for electricity in (a) nominal and (b) real pounds sterling for each year from 2000 to 2015.

Answered on

16 November 2015

DECC receives wholesale prices data from Argus Media on a daily basis. The following table shows the yearly average of day-ahead baseload prices since 2001 when this data is available from. We have converted the daily data into a yearly average, and converted nominal data into real data using HM Treasury’s GDP deflators1.


Calendar Year

Yearly Average (nominal)

Yearly Average (2014 prices)

2015*

41.5

41.9**

2014

42.5

42.5

2013

50.8

51.7

2012

45.3

47.0

2011

48.3

50.9

2010

42.0

45.2

2009

37.8

41.9

2008

74.8

84.7

2007

31.1

36.2

2006

42.6

51.0

2005

39.5

48.7

2004

23.3

29.6

2003

21.3

27.9

2002

16.8

22.5

2001***

21.3

29.4

Source: Argus Media

* Data available until November 11th 2015

** Percentage change on previous year in line with July 2015 Budget *** Data available since October 15th 2001


[1] https://www.gov.uk/government/statistics/gdp-deflators-at-market-prices-and-money-gdp-october-2015-the-blue-book.

Answered by

Department for Energy and Climate Change