Search results
August 2022
- A record high was reached in August 2022 when day-ahead baseload contracts averaged 363.7 British pounds per megawatt-hour.
www.statista.com/statistics/589765/average-electricity-prices-uk/
People also ask
How much has UK electricity decreased since 2024?
How much did electricity cost in Britain in 2024?
What was the UK electricity price in 2022?
How much did electricity prices increase in 2021?
How long does a UK electricity account last?
How often is the UK electricity data series updated?
The IEA real-time electricity map displays electricity demand, generation and spot prices from more than 50 sources. Data is available historically, as well as daily or hourly, and at country or regional levels.
Historically, the United Kingdom Electricity Price reached an all time high of 580.55 in September of 2022. UK Electricity decreased 0.55 GBP/MWh or 0.64% since the beginning of 2024, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh).
Electricity prices in the UK peaked in August 2022, a seven-fold increase compared to the historical average of 50 British pounds per megawatt-hour.
- Overview
- Historical electricity data: 1920 to 2022
Historical electricity data: 1920 to 2022
Historical electricity data series updated annually in July alongside the publication of the Digest of United Kingdom Energy Statistics (DUKES).
MS Excel Spreadsheet, 136 KB
This file may not be suitable for users of assistive technology.
Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email alt.formats@energysecurity.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Published 22 January 2013
Last updated 27 July 2023 + show all updates
Current energy price cap rates 1st July 2024 – 30th September 2024. Average dual fuel bill: £1,568 (-7.2%) Electricity unit rate: 22.36p/ kWh (-8.7%) plus 60.12p/ day (+0.0%) Gas unit rate: 5.48p/ kWh (-9.3%) plus 31.41p/ day (-0.1%) Previous energy price cap rates 1st April 2024 – 30th June 2024. Average dual fuel bill: £1,690 (-12.4%)
Oct 4, 2024 · According to energy regulator Ofgem, the latest energy price cap (running between 1st July to 30 September 2024) is set at £1,568 per year for a typical household that uses gas and electricity and pays via Direct Debit and £1,522 per year for those that use a prepayment meter.
Jul 8, 2024 · Gas was 37% higher than in summer 2022, electricity 17% higher. Households also received the £400 Energy Bills Support Scheme (EBSS) in monthly instalments between October 2022 and March 2023. The rapid increase in prices in late 2021 led suppliers to withdraw cheaper fixed price tariffs.
