The average wholesale electricity price in September 2025 in the United Kingdom is forecast to amount to*******British pounds per megawatt-hour, a decrease from the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged ***** British pounds per megawatt-hour. Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

UK Electricity decreased 18.54 GBP/MWh or 18.10% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for the United Kingdom Electricity Price.

Residential consumers of natural gas in the United Kingdom paid an average of 8.8 U.S. dollar cents per kilowatt hour in December 2024. This was roughly one U.S. dollar cent lower than a year previous. The residential and commercial sectors are the largest consumers of natural gas in the UK.

Daily data showing the System Price of electricity, and rolling seven-day average, in Great Britain. These are official statistics in development. Source: Elexon.

Residential electricity prices in the United Kingdom amounted to 0.35 U.S. dollars per kilowatt-hour in March 2024, a decrease in electricity prices for households in the UK from the previous year.

UK Gas fell to 80.85 GBp/thm on October 17, 2025, down 1.36% from the previous day. Over the past month, UK Gas's price has fallen 0.79%, and is down 17.37% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on October of 2025.

Household electricity prices in the United Kingdom averaged 22.03 euro cents per kilowatt-hour (kWh) in the first half of 2020. Over the past decade, household electricity prices have seen an overall increase, peaking at 22.10 euro cents per kWh in the second half of 2019. On average, the UK pays some of the highest electricity prices in Europe. Annual electricity billsIn 2019, the average annual domestic electricity bill for those with an electricity consumption of up to 3,800 kWh was 608 British pounds. In comparison, those with a consumption of 6,000 kWh paid 837 British pounds. Payment methods also affect electricity bills, with consumers who used prepayment paying the least. In 1970, the overall expenditure on electricity by all end users in the UK amounted to 1.5 billion British pounds. This increased significantly in the following decades and amounted to nearly 38 billion pounds by 2018.

Non-domestic consumers with consumption between *** megawatt-hours and ***** megawatt-hours tended to pay higher electricity prices than those users with consumption greater than ****** megawatt-hours. As of 2023, electricity prices for these consumers amounted to ***** pence per kilowatt-hour and ***** pence per kilowatt-hour, respectively. Generally, for both consumption rates, electricity prices presented a trend of growth with a peak in 2023.

Ireland, Italy, and Germany had some of the highest household electricity prices worldwide, as of March 2025. At the time, Irish households were charged around 0.45 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.43 U.S. dollars per kilowatt-hour. By comparison, in Russia, residents paid almost 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations.

A survey conducted by the UK Department for Energy Security and Net Zero (DESNZ) in 2023 found that some 91 percent of UK residents were concerned about energy price hikes. Between 2012 and 2023, the level of concern increased. For instance, in 2012, 34 percent of the respondents were not very concerned or not concerned at all about steep rises in energy price in the future.

Statistics on energy prices and monthly production, trade, electricity generation and consumption of coal, electricity, gas, oil and total energy in the UK. Accredited Official Statistics

Quarterly data and statistics on energy prices to domestic and industrial consumers for all the major fuels. Accredited Official Statistics Alternative title: QEP

The average annual domestic electricity bill in the United Kingdom saw an overall increase from 2014 to 2024 and boomed in 2023. In this period, households with an annual consumption of ***** kilowatt-hours saw bills rise from *** to ***** British pounds, including value-added tax. The household expenditure on electricity in the UK amounted to approximately **** billion current British pounds in 2023. Direct debit payments consistently cheaper In the period under consideration, the annual bill for an electricity consumption of ***** kilowatt-hours was consistently more expensive for consumers using standard credit as a method of payment, averaging ***** real British pounds in 2024. From 2016 onwards, consumers using the prepayment method paid less than standard credit consumers and, in 2022, their bill was the least expensive, at *** real British pounds. Electricity prices on the rise Household electricity prices in the UK have doubled in the past decade for both consumer groups. Despite the UK government setting a tariff cap to protect consumers, the UK’s power market was greatly impacted by the global energy crisis. In August 2022, electricity prices in Great Britain peaked at *** British pounds per megawatt-hour, over four times the price compared to August the following year.

In 2024, the annual average consumer price index of electricity, gas and other fuels in the United Kingdom was measured at *****. This was a significant decrease from ***** the year prior. The base year was 2015, equaling 100. The consumer price of natural gas also decreased that year.

Since 1995, the overall price of natural gas has increased for households with consumption of less than *** GJ and more than *** GJ. Prices for a consumption of ** GJ to < *** GJ peaked in 2015 at **** euro cents per kilowatt hour. Although prices have seen an overall increase, natural gas consumption has been in decline over the past decade.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for United Kingdom (CPGREN01GBM657N) from Feb 1970 to Nov 2023 about fuels, electricity, energy, gas, United Kingdom, CPI, price index, indexes, and price.