Subject	Predicate	Object
AqTGSlOd	a	Resource
		Answer
		Written answer
	answer has question	Fiupl1Ka
	answer has answering person	John Henry Hayes
	answer text	<p>The statement should have referred to UK wholesale gas prices rather than global gas prices. A revision to clarify this is being issued by the Department to the Annual Energy Statement page 8, paragraph 1.10, which reads:</p><p>“Energy costs are a big factor in most households' expenses, and rising global gas prices, which were 50% higher in the five years from 2007 to 2011 than in the previous five years”.</p><p>The National Balancing Point (NBP) is the virtual point on the UK's gas transmission system where wholesale gas is traded. The average NBP spot price in the five years from 2007-11 was 43.5 pence per therm. The equivalent figure for the preceding five years from 2002-06 was 28.5 pence per therm implying a period-on-period increase of 52.7%.</p>
	answer given date	2012-12-11
	answer has answering body	Department of Energy and Climate Change
	written answer has answering body	Department of Energy and Climate Change
Department of Energy and Climate Change	answering body has written answer	AqTGSlOd
Department of Energy and Climate Change	answering body has answer	AqTGSlOd
Fiupl1Ka	question has answer	AqTGSlOd
John Henry Hayes	answering person has answer	AqTGSlOd