UK Electricity decreased 23.24 GBP/MWh or 22.68% 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.

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.

The price of gas in the United Kingdom was 80.1 British pence per therm in the third quarter of 2025. It is anticipated gas prices will increase to 85.4 pence in the first quarter of 2026 before gradually falling to just under 77.6 pence by the second quarter of of the year. Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately 91 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 11.1 percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching 26.6 percent, and food prices increasing by 18.2 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 3.7 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.

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 still have not returned to pre-pandemic levels, such as in countries like Italy, where prices are forecast to reach ****** euros per megawatt hour in September 2025. 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. As of August 2025, electricity prices in Italy have decreased to ****** euros per megawatt hour, reflecting ongoing volatility in the market.

European Union Electricity Price: NH: Between 20000 & 69999 MwH: incl All Taxes & Levies: EU excl UK data was reported at 0.171 EUR/MWh in Dec 2024. This records an increase from the previous number of 0.169 EUR/MWh for Jun 2024. European Union Electricity Price: NH: Between 20000 & 69999 MwH: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.110 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.228 EUR/MWh in Dec 2022 and a record low of 0.084 EUR/MWh in Dec 2007. European Union Electricity Price: NH: Between 20000 & 69999 MwH: incl All Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P002: Eurostat: Electricity Price: Non-Household Consumers.

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.

UK Gas fell to 72.60 GBp/thm on December 2, 2025, down 1.67% from the previous day. Over the past month, UK Gas's price has fallen 11.75%, and is down 40.33% 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 December of 2025.

In the third quarter of 2025, Bermuda had the highest household electricity prices worldwide, followed by Ireland, Italy, and Germany. At the time, Irish households were charged around 0.44 U.S. dollars per kilowatt-hour, while in Italy, the price stood at 0.42 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.

Spain Electricity decreased 65.44 EUR/MWh or 48.17% 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.

In 2024, natural gas prices for UK businesses with an annual consumption greater than 27,778 megawatt hours stood at 4.49 pence per kilowatt-hour, while for industries with lower annual consumption, prices were 5.64 pence per kilowatt-hour.

European Union Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies: EU excl UK data was reported at 0.188 EUR/MWh in Dec 2024. This records a decrease from the previous number of 0.194 EUR/MWh for Jun 2024. European Union Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.105 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.224 EUR/MWh in Jun 2023 and a record low of 0.095 EUR/MWh in Dec 2007. European Union Electricity Price: NH: Between 20 & 499 MwH: excl Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P002: Eurostat: Electricity Price: Non-Household Consumers.

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 DESNZ (Annex m price growth assumption 16 May 2019) This dataset is updated following the end of each financial year.

European Union Electricity Price: NH: Between 20 & 499 MwH: incl All Taxes & Levies: EU excl UK data was reported at 0.268 EUR/MWh in Dec 2024. This records a decrease from the previous number of 0.277 EUR/MWh for Jun 2024. European Union Electricity Price: NH: Between 20 & 499 MwH: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.174 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.299 EUR/MWh in Jun 2023 and a record low of 0.128 EUR/MWh in Dec 2007. European Union Electricity Price: NH: Between 20 & 499 MwH: incl All Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P002: Eurostat: Electricity Price: Non-Household Consumers.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% 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 - values, historical data, forecasts and news - updated on December of 2025.

In September 2024, industrial electricity prices in the European countries of Germany, Italy, and the United Kingdom were among the highest in the world, at around **** U.S. dollars per kilowatt-hour. Singapore was the Asian country with the highest electricity bill worldwide at that time. Lowest electricity prices in the world The average retail electricity price in the United States was considerably lower than in most of Europe. Iceland was the European country with one of the lowest electricity bills for enterprises that month. At the bottom of the ranking were also Russia, Iraq, Qatar, Argentina, and Libya. In these countries, commercial electricity prices amounted to less than *** U.S. dollars per kilowatt-hour. Household electricity prices In addition, European countries had the highest household electricity prices worldwide that month, with Italy at the top of the ranking. By comparison, Iran and Ethiopia had the lowest residential electricity prices in the world.

European Union Electricity Price: NH: 150000 MwH & Above: excl Taxes & Levies: EU excl UK data was reported at 0.108 EUR/MWh in Dec 2024. This records an increase from the previous number of 0.099 EUR/MWh for Jun 2024. European Union Electricity Price: NH: 150000 MwH & Above: excl Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.061 EUR/MWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.188 EUR/MWh in Dec 2022 and a record low of 0.038 EUR/MWh in Jun 2007. European Union Electricity Price: NH: 150000 MwH & Above: excl Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P002: Eurostat: Electricity Price: Non-Household Consumers.

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.