Wholesale electricity prices in the United Kingdom hit a record-high in 2022, reaching **** British pence per kilowatt-hour that year. Projections indicate that prices are bound to decrease steadily in the next few years, falling under **** pence per kilowatt-hour by 2030.

UK Electricity decreased 29.33 GBP/MWh or 28.63% 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.

This statistic shows the projected price of electricity for final demand sectors in the United Kingdom, from 2020 to 2050. The projections form part of the EU Reference Scenario 2016, providing a framework by which energy and environment policy can be assessed.The price of electricity is to fall after 2030, eventually reaching *** euros per megawatt hours in 2050.

The average wholesale electricity price in August 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 Gas rose to 78.56 GBp/thm on September 1, 2025, up 0.94% from the previous day. Over the past month, UK Gas's price has fallen 7.13%, and is down 15.30% 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 September of 2025.

Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecast to reach ****** euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be ***** euros per megawatt hour in July 2025. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at **** U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

ntroducing our retail tariff database, a comprehensive and user-friendly platform designed to provide in-depth information on retail energy tariffs in the GB market. Updated regularly and meticulously maintained, our database offers invaluable insights for a range of stakeholders, including energy retailers, economic analysts, and electric vehicle (EV) operators.

Our retail tariff database covers all types of tariffs available in the GB market and provides an extensive set of data fields, such as tariff types, rates, contract lengths, and more. The platform is designed for easy navigation and customization, allowing users to quickly access the information they need to make informed decisions.

Energy Retailers: For energy retailers, our retail tariff database is an essential tool for staying competitive in the constantly evolving energy market. By providing real-time access to the latest tariffs from competitors, our platform enables retailers to adjust their own pricing strategies and remain competitive in the market. Furthermore, the database offers valuable information on emerging trends and consumer preferences, helping retailers identify new opportunities and challenges in the sector.

Predicting Inflation: For economic analysts and professionals interested in predicting inflation, our retail tariff database serves as a rich source of data for examining the energy market's impact on consumer prices. As energy costs are a significant factor in overall inflation, our platform provides timely and granular information on energy tariffs, allowing users to better understand the relationship between energy prices and inflation. By incorporating this data into their analysis, professionals can develop more accurate predictions and provide valuable insights to policymakers and businesses.

EV Operators: For electric vehicle operators, our retail tariff database offers insights into the evolving landscape of energy pricing, which has a direct impact on the cost and attractiveness of EV charging infrastructure. By staying informed about the latest energy tariffs, EV operators can make strategic decisions regarding the location, pricing, and expansion of their charging networks. Additionally, the database can help operators identify potential synergies between energy tariffs and EV charging demand, enabling them to develop innovative business models that cater to the needs of EV users.

The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

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.

Spain Electricity decreased 105.23 EUR/MWh or 77.45% 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 Spain Electricity Price.

The global energy price index stood at around 101.5 in 2024. Energy prices were on a decreasing trend that year, and forecasts suggest the price index would decrease below 80 by 2026. Price indices show the development of prices for goods or services over time relative to a base year. Commodity prices may be dependent on various factors, from supply and demand to overall economic growth. Electricity prices around the world As with overall fuel prices, electricity costs for end users are dependent on power infrastructure, technology type, domestic production, and governmental levies and taxes. Generally, electricity prices are lower in countries with great coal and gas resources, as those have historically been the main sources for electricity generation. This is one of the reasons why electricity prices are lowest in resource-rich countries such as Iran, Qatar, and Russia. Meanwhile, many European governments that have introduced renewable surcharges to support the deployment of solar and wind power and are at the same time dependent on fossil fuel imports, have the highest household electricity prices. Benchmark oil prices One of the commodities found within the energy market is oil. Oil is the main raw material for all common motor fuels, from gasoline to kerosene. In resource-poor and remote regions such as the United States' states of Alaska and Hawaii, or the European country of Cyprus, it is also one of the largest sources for electricity generation. Benchmark oil prices such as Europe’s Brent, the U.S.' WTI, or the OPEC basket are often used as indicators for the overall energy price development.

TTF Gas rose to 32.35 EUR/MWh on September 1, 2025, up 2.31% from the previous day. Over the past month, TTF Gas's price has fallen 5.64%, and is down 16.08% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on September of 2025.

UK Wind Power Market size was valued at USD 39.3 Billion in 2024 and is projected to reach USD 95.3 Billion by 2032, growing at a CAGR of 11.7% from 2025 to 2032.

Key Market Drivers:

Rising Electricity Demand: Rising electricity demand is pushing the UK wind energy market. The growing electrification of transportation and heating is raising renewable energy demand. According to National Grid’s Future Energy Scenarios 2023, the UK’s annual power demand might increase by up to 70% by 2035, reaching 460-500 TWh.

Cost Reduction in Wind Technology: Cost reductions in wind technologies will propel the UK Wind Power Market. Wind power technology has become more competitive with traditional energy sources as its costs have decreased. According to the UK Department for Business, Energy, and Industrial Strategy (BEIS), the strike price for offshore wind in Contract for Difference (CfD) auctions has plummeted from £114.39/MWh in 2015 to £37.35/MWh in 2022, a 67% decrease.

This dataset includes the future CfD generation weighted average strike prices (£/MWh) estimated by LCCC using 2020 real prices. It also includes the weighted average strike prices for the whole CfD portfolio including bespoke contracts, investment contracts, CfDs awarded under different allocation rounds to date and annual forecast market prices estimated by BEIS (https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/802478/Annex-m-price-growth-assumption_16-May-2019.ods) This dataset is updated following the end of each financial year.

The objective of the project was to provide econometric analysis and theory for modelling energy and soft commodity prices. This necessitated data analysis and modelling together with theoretical econometrics, dealing with the specific stylised facts of commodity prices. In order to analyse energy and soft commodity prices, the determination of spot energy prices in regulated markets was first considered, from the point of view of the regulator. Direct data analysis of futures commodity prices was then undertaken, resulting in the collection of an extensive dataset of most traded futures commodity prices at a daily frequency, covering 16 different commodities over a 10-year period.

Bioenergy electricity generation has recorded mixed performance in recent years amid rising environmental opposition and a shifting policy landscape. Despite being classified as a renewable energy source, bioenergy has faced criticism for its carbon emissions, which often exceed those of fossil fuels. Strong government support and converting major coal-generating units to biomass plants fostered strong growth before 2018. However, new bioenergy projects have since struggled to gain traction, hampered by intensified opposition from environmentalists and a pivot in renewables strategies towards offshore wind. Revenue is forecast to dip at a compound annual rate of 0.6% to £2.5 billion over the five years through 2024-25. Growth in bioenergy electricity generation volumes started slowing down in 2020-21 before declining over the two years through 2023-24. Revenue has followed a slightly different trajectory, with soaring wholesale electricity prices contributing to a surge in revenue among bioenergy electricity generators that aren’t subject to fixed prices. Contracts for Difference (CfD)-backed biomass plants struggled during this period, with the generation of electricity sold at fixed rendered temporarily uneconomical when feedstock prices peaked. Revenue is set to grow by 12.1% in 2024-25, aided by a new 299-megawatt biomass plant in Teesside, which began generating electricity under a CfD in September 2023. Revenue is slated to climb at a compound annual rate of 3.2% over the five years through 2029-30, reaching £2.9 billion. The integration of Carbon Capture and Storage (CCS) technology will be vital to addressing environmental criticisms and securing bioenergy's role in the UK's renewable energy mix. The government’s plan to create a competitive market for CCS by 2035 signals a supportive stance, evidenced by recent approvals for Drax to convert biomass units to Bioenergy with Carbon Capture and Storage (BECCS). However, the exact nature of future subsidies remains uncertain.