BFBEnergyPaper

in the US. While this would be concerning in its own right, what is even more concerningis that long term trends suggest that the UK has faced, and will continue to face, risingelectricity prices. This can be seen in the rise of British electricity prices (Figure 3) which havemore than doubled for non-domestic consumers in the last ten years and the price of gashas nearly doubled as well.Figure 3: Evolution of average electricity and gas prices for non-domesticconsumers in the UK in nominal terms (excluding climate change levy) 14The same trend is also seen when taxes such as the climate change levy are added(Figure 4) which shows that, again, both gas and electricity prices have nearly doubled.Figure 4: Evolution of average electricity and gas prices for non-domesticconsumers in the UK in nominal terms (including climate change levy) 14Energy Policyand the EU14 The Climate Change levy is a tax imposed on certain energy generating products, including coal and HM Government,Price of fuels purchased by non-domestic customers in the United Kingdom, data found at 14