HL Deb 13 July 1998 vol 592 c6WA
Earl Attlee

asked Her Majesty's Government:

Further to their statement on 25 June on their energy review (H.L. Deb., cols. 379–390), how are "real falls in wholesale electricity prices … in the medium term" defined. [HL2566]

Lord Clinton-Davis

This was a reference to reductions, compared to movements in the retail prices index, in the average level of electricity Pool prices. If, in pursuance of the Review of Electricity Trading Arrangements, the Pool price ceases to exist, then the words should be taken to refer to an analogous wholesale price.