Energy prices in the UK have been exceptionally high since the latter half of 2021 due to an energy supply shortage as a result of lower pipeline supplies from Norway and Russia, as well as reduced LNG imports owing to greater purchases by customers in Asia. Multiple factors such as a lack of domestic storage availability and the large share of gas in heating have exacerbated the supply issue in the UK. This has already resulted in multiple suppliers announcing bankruptcy, while a recently upped price cap is threatening energy security of numerous households.
The average gas price in Great Britain in April 2022 was 186.13 British pence per therm. This was decrease compared to the previous month when figures were carried to new heights on the back of the Russia-Ukraine war. Monthly average gas prices based on day-ahead baseload contracts in Great Britain from April 2015 to April 2022 (in British pence per therm)
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Ofgem. (June 16, 2022). Monthly average gas prices based on day-ahead baseload contracts in Great Britain from April 2015 to April 2022 (in British pence per therm) [Graph]. In Statista. Retrieved June 29, 2022, from https://www.statista.com/statistics/1174560/average-monthly-gas-prices-uk/
Ofgem. "Monthly average gas prices based on day-ahead baseload contracts in Great Britain from April 2015 to April 2022 (in British pence per therm)." Chart. June 16, 2022. Statista. Accessed June 29, 2022. https://www.statista.com/statistics/1174560/average-monthly-gas-prices-uk/
Ofgem. (2022). Monthly average gas prices based on day-ahead baseload contracts in Great Britain from April 2015 to April 2022 (in British pence per therm). Statista. Statista Inc.. Accessed: June 29, 2022. https://www.statista.com/statistics/1174560/average-monthly-gas-prices-uk/
Ofgem. "Monthly Average Gas Prices Based on Day-ahead Baseload Contracts in Great Britain from April 2015 to April 2022 (in British Pence per Therm)." Statista, Statista Inc., 16 Jun 2022, https://www.statista.com/statistics/1174560/average-monthly-gas-prices-uk/
Ofgem, Monthly average gas prices based on day-ahead baseload contracts in Great Britain from April 2015 to April 2022 (in British pence per therm) Statista, https://www.statista.com/statistics/1174560/average-monthly-gas-prices-uk/ (last visited June 29, 2022)