Electricity prices in the UK soared to above GBP 520 per megawatt hour, tracking the surging costs of natural gas in Europe as the lingering threat of supply shortages deepened the continent's energy crisis. Natural gas flows to Europe have drastically fallen due to tightened supplies from major exporter Russia amid consistent accusations from the West that the Kremlin is weaponizing energy. On top of that, heavy maintenance activity in major exporter Norway and nuclear outages from top European producer France compounded supply woes as countries scrap for reserves ahead of the winter. Energy bills for households are set to increase further as surging wholesale prices drove UK energy regulator Ofgem to raise the cap for electricity and gas bills in Great Britain to GBP 3,549 per year starting in October, an 80% increase to current levels and nearly thrice the amount of last year's cap.

Electricity Price in the United Kingdom averaged 48.46 GBP/MWh from 2001 until 2022, reaching an all time high of 782.48 GBP/MWh in September of 2021 and a record low of 5.34 GBP/MWh in April of 2020. This page includes a chart with historical data for the United Kingdom Electricity Price. United Kingdom Electricity Price - data, forecasts, historical chart - was last updated on September of 2022.

Electricity Price in the United Kingdom is expected to be 732.74 GBP/MWh by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the United Kingdom Electricity Price is projected to trend around 4059.02 GBP/MWh in 2023 and 8050.30 GBP/MWh in 2024, according to our econometric models.

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United Kingdom Electricity Price

Price Day Month Year
UK Electricity 372.82 -19.42 -4.95% 9.86% 178.79%
Germany Electricity 345.70 -97.82 -22.06% 3.17% 149.98%
France Electricity 558.00 2.55 0.46% 0.81% 455.50%
Spain Electricity 106.56 0% -25.99% -24.80%
Italy Electricity 504.74 19.20 3.95% 6.49% 248.02%

United Kingdom Electricity Price
Electricity prices displayed in 王者荣耀电竞(江西)积分排榜 are current spot benchmarks offered by sellers to buyers priced in megawatts per hour (MWh) in the local currency. Our electricity prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. 王者荣耀电竞(江西)积分排榜 does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
352.22 352.22 782.48 5.34 2001 - 2022 GBP/MWh Daily