Forecasted gas prices in the United Kingdom from 2017 to 2023
(in pence per therm*)
Gas price forecast in the United Kingdom (UK) 2017-2023
This statistic shows the forecasted price of gas in the United Kingdom (UK) from 2017/18 to 2023/24. From the initial price of 44.9 pence per therm, the price of gas is expected to increase to 56.3 pence per therm by 2023/24. Figures released in September 2018 show that total household expenditure on energy derived from gas in 2017 was 14.8 billion British pounds, down from 17.2 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 2017 to 2023
(in pence per therm*)
Pence per therm
2023/2456.3
2022/2355.2
2021/2254.1
2020/2153.1
2019/2050.5
2018/1960.7
2017/1844.9
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Source

Release date

March 2019

Region

United Kingdom

Survey time period

2017 to 2023

Supplementary notes

*Therm is a unit of heat energy equivalent to 100,000 British Thermal Units (BTU).

Gas price forecast in the United Kingdom (UK) 2017-2023
This statistic shows the forecasted price of gas in the United Kingdom (UK) from 2017/18 to 2023/24. From the initial price of 44.9 pence per therm, the price of gas is expected to increase to 56.3 pence per therm by 2023/24. Figures released in September 2018 show that total household expenditure on energy derived from gas in 2017 was 14.8 billion British pounds, down from 17.2 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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