Jim Cunningham – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Jim Cunningham on 2016-10-20.

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.

Jesse Norman

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.