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(1)Appendix F – Post-press corrections Figure 1.7: Retail and wholesale prices and gross margin 2002-2006

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Appendix F – Post-press corrections

Figure 1.7: Retail and wholesale prices and gross margin 2002-2006.

Retail and wholesale prices and gross margin 2002-2006

0,0 1,0 2,0 3,0 4,0 5,0 6,0 7,0 8,0 9,0

2002 2003 2004 2005 2006

Pence

0 20 40 60 80 100 120 140 160

£

Retail price ex VAT and environmental fees (p/kWh)

1-year forward contract price, wholesale electricity (p/kWh)

Gross margin per account and year (£)

Source: RWE annual reports 2006, Vattenfall internal reports, own calculations

Figure 1.8: Retail gross margins (p/kWh) in UK and Sweden

Retail gross margins (p/kWh) in UK and Sweden

0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5

2002

2003

2004

2005

2006 Year

Pence (adjusted to currency)

UK gross margin

Swedish gross margin (one-year contracts)

Source: Lewis et al 2004, Svensk Energi 2006, Vattenfall market data 2007, own calculations

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