Written Question·Department for Energy Security and Net Zero·UIN 35407
Electricity: Prices
Tabled: 4 March 2025
Answered: 12 March 2025
Named DayQuestion
Pippa Heylings
Liberal Democrat — South Cambridgeshire
To ask the Secretary of State for Energy Security and Net Zero, whether he plans to take steps to decouple electricity prices from the wholesale gas price.
Answer
Michael ShanksThe electricity market in GB operates on the principle of marginal pricing, whereby the price of electricity is set by the last technology needed to meet overall demand. In the current market, gas prices often set the wholesale electricity price because i...
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