This statistic shows the forecasted price of gas in the United Kingdom (UK) from 2016/17 to 2022/23. From the initial price of 34.6 pence per therm, the price of gas is expected to increase to 47.5 pence per therm by 2022/23. Figures released in March 2017 show that total household expenditure on energy derived from gas in 2015 was 14.745 billion British pounds, down from 16.993 billion British pounds in 2013.
Just as the price of gas is expected to rise in the coming years, gas production levels are expected to fall. From 2016/17 to 2021/22, it is predicted that production will decrease by 3.3 billion therms.
Forecasted gas prices in the United Kingdom from 2016 to 2023 (in pence per therm*)
This statistic shows the forecasted price of gas in the United Kingdom (UK) from 2016/17 to 2022/23. From the initial price of 34.6 pence per therm, the price of gas is expected to increase to 47.5 pence per therm by 2022/23. Figures released in March 2017 show that total household expenditure on energy derived from gas in 2015 was 14.745 billion British pounds, down from 16.993 billion British pounds in 2013.
Just as the price of gas is expected to rise in the coming years, gas production levels are expected to fall. From 2016/17 to 2021/22, it is predicted that production will decrease by 3.3 billion therms.
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| Pence per therm | |
|---|---|
| 2016/17 | 34.6 |
| 2017/18 | 43.9 |
| 2018/19 | 46.1 |
| 2019/20 | 44.9 |
| 2020/21 | 45.8 |
| 2021/22 | 46.6 |
| 2022/23 | 47.5 |
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