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.

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.

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.

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

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.

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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.

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.

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 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.

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.

The European countries of the United Kingdom, Belgium, and Denmark had the highest household electricity prices in 2023, at over 30 pence per kilowatt-hour. Germany and Belgium accounted for the most expensive electricity excluding taxes that year, whilst the average domestic electricity bill in Turkey amounted to roughly seven pence per kilowatt-hour.

National Grid ESO is the electricity system operator for Great Britain. They have gathered information of the electricity demand in Great Britain from 2009. The is updated twice an hour, which means 48 entries per day. This makes this dataset ideal for time series forecasting.

File information

The dataset consists of three type of files: - Historic_demand_year_20xx.csv: electricity demand in that year - Historic_demand_year_2009_2024.csv: all the yearly datasets merged in one - Historic_demand_year_2009_2024_noNaN.csv: same as above, but NaN values have been removed and the date includes the hour as opposed to only the day

Columns

The columns in the dataset are: * SETTLEMET_DATA: date in format dd/mm/yyyy * SETTLEMENT_PERIOD: half hourly period for the historic outtunr occurred * ND (National Demand). National Demand is the sum of metered generation, but excludes generation required to meet station load, pump storage pumping and interconnector exports. National Demand is calculated as a sum of generation based on National Grid ESO operational generation metering. Measured in MW. * TSD (Transmission System Demand). Transmission System Demand is equal to the ND plus the additional generation required to meet station load, pump storage pumping and interconnector exports. Measured in MW. * ENGLAND_WALES_DEMAND. England and Wales Demand, as ND above but on an England and Wales basis. Measured in MW. * EMBEDDED_WIND_GENERATION. This is an estimate of the GB wind generation from wind farms which do not have Transmission System metering installed. These wind farms are embedded in the distribution network and invisible to National Grid ESO. Their effect is to suppress the electricity demand during periods of high wind. The true output of these generators is not known so an estimate is provided based on National Grid ESO’s best model. Measured in MW. * EMBEDDED_WIND_CAPACITY. This is National Grid ESO’s best view of the installed embedded wind capacity in GB. This is based on publicly available information compiled from a variety of sources and is not the definitive view. It is consistent with the generation estimate provided above. Measured in MW * EMBEDDED_SOLAR_GENERATION. This is an estimate of the GB solar generation from PV panels. These are embedded in the distribution network and invisible to National Grid ESO. Their effect is to suppress the electricity demand during periods of high radiation. The true output of these generators is not known so an estimate is provided based on National Grid ESO’s best model. Measured in MW. * EMBEDDED_SOLAR_CAPACITY. As embedded wind capacity above, but for solar generation. Measured in MW. * NON_BM_STOR (Non-Balancing Mechanism SHort-Term Operating Reserve). For units that are not included in the ND generator definition. This can be in the form of generation or demand reduction. Measured in MW. * PUMP_STORAGE_PUMPING. The demand due to pumping at hydro pump storage units; the -ve signifies pumping load. * IFA_FLOW (IFA Interconnector Flow). The flow on on the respective interconnector. -ve signifies export power out from GB; +ve signifies import power into GB. Measured in MW. * IFA2_FLOW (IFA Interconnector Flow). The flow on the respective interconnector. -ve signifies export power out from GB; +ve signifies import power into GB. Measured in MW. * MOYLE_FLOW (Moyle Interconnector FLow). The flow on the respective interconnector. -ve signifies export power out from GB; +ve signifies import power into GB. Measured in MW. * EAST_WEST_FLOW (East West Innterconnector FLow). The flow on the respective interconnector. -ve signifies export power out from GB; +ve signifies import power into GB. Measured in MW. * NEMO_FLOW (Nemo Interconnector FLow). The flow on the respective interconnector. -ve signifies export power out from GB; +ve signifies import power into GB. Measured in MW. * NSL_FLOW (North Sea Link Interconnector Flow). The flow on the respective interconnector. -ve signifies export power out from GB; +ve signifies import power into GB. Measured in MW. * ELCLINK_FLOW. Blank

Electricity Price: HC: 15000 KwH & Above: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data was reported at 0.216 EUR/kWh in Dec 2024. This records a decrease from the previous number of 0.222 EUR/kWh for Jun 2024. Electricity Price: HC: 15000 KwH & Above: excl VAT & Other Recoverable Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.156 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.231 EUR/kWh in Jun 2023 and a record low of 0.112 EUR/kWh in Dec 2007. Electricity Price: HC: 15000 KwH & Above: excl VAT & Other Recoverable 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.P001: Eurostat: Electricity Price: Household Consumers.