Forecasted gas prices in the United Kingdom from 2016 to 2023 (in pence per therm*)

Gas price forecast in the United Kingdom (UK) 2016-2023 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
2016/1734.6
2017/1843.9
2018/1946.1
2019/2044.9
2020/2145.8
2021/2246.6
2022/2347.5
Pence per therm
2016/1734.6
2017/1843.9
2018/1946.1
2019/2044.9
2020/2145.8
2021/2246.6
2022/2347.5
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Description Source More information
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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Release date
November 2017
Region
United Kingdom
Survey time period
2016 to 2023
Supplementary notes
*Therm is a unit of heat energy equivalent to 100,000 British Thermal Units (BTU).

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