Rising electricity prices

Meeting: 
MQT on 2014-07-23
Session date: 
July 23, 2014
Reference: 
2014/2729
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor
Category: 

Question

What electricity price increases does TfL expect in future years? Can you break any projections down by unit price and by total costs?

Answer

Answer for Rising electricity prices

Answer for Rising electricity prices

Answered By: 
The Mayor

TfL's projected energy prices over the next five years are set out in the table below. Projection is based on the wholesale market rate as well as regulator charges (government and Ofgem).

Financial Year

2014/15  

2015/16

2016/17

2017/18

2018/19

2019/20

Estimated Total TfL cost based on 14/15 Consumption £millions

             134.4

           139.9

           143.4

           156.5

           160.1

           162.2

Estimated Average Pence per kWh

8.49

8.83

9.05

9.88

10.11

10.24