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Gas price forecast in the United Kingdom (UK) 2017-2023
Gas price forecast in the United Kingdom (UK) 2017-2023
Forecasted gas prices in the United Kingdom from 2017 to 2023 (in pence per therm*)
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*)
Loading statistic...
| Pence per therm | |
|---|---|
| 2023/24 | 56.3 |
| 2022/23 | 55.2 |
| 2021/22 | 54.1 |
| 2020/21 | 53.1 |
| 2019/20 | 50.5 |
| 2018/19 | 60.7 |
| 2017/18 | 44.9 |
| Pence per therm | |
|---|---|
| 2023/24 | 56.3 |
| 2022/23 | 55.2 |
| 2021/22 | 54.1 |
| 2020/21 | 53.1 |
| 2019/20 | 50.5 |
| 2018/19 | 60.7 |
| 2017/18 | 44.9 |
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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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- 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).
Source
- Show sources information
- Show publisher information
- Release date
- March 2019
More information
- 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).
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Statistics on "Fossil fuel consumption in the United Kingdom"
- Primary consumption
The most important statistics
- Primary energy consumption in the United Kingdom from 2000 to 2017 (in million metric tons of oil equivalent)*Primary energy consumption in the United Kingdom (UK 2000-2017
- Oil consumption in the United Kingdom from 1990 to 2017 (in million metric tons)Oil - consumption in the United Kingdom 1990-2017
- Natural gas consumption in the United Kingdom (UK) from 2003 to 2017 (in million metric tons of oil equivalent)Consumption of natural gas in the United Kingdom (UK) 2003-2017
- Coal consumption in United Kingdom from 1998 to 2016 (in million metric tons of oil equivalent)UK coal consumption - in oil equivalent 1998-2017
- Refinery & producer consumption
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- Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from 1st quarter 2012 to 4th quarter 2018 in real prices (in pence per kWh)Price of fuels for major power producers in the United Kingdom (UK) 2012-2018
- Supply of petroleum products in the United Kingdom (UK) between 2000 and 2018, by source (in 1,000 metric tons)Petrol & petroleum products supply in the United Kingdom (UK) 2000-2018
- Volume of petroleum products consumed by petroleum refineries in the United Kingdom (UK) from 2000 to 2018 (in 1,000 metric tons)Petroleum refinery petrol consumption in the United Kingdom (UK) 2000-2018
- Main fuel outputs of petroleum refineries in the United Kingdom (UK) between 2005 and 2018 (in 1,000 metric tons)Petroleum refinery main outputs in the United Kingdom (UK) 2005-2018
- Transportation consumption
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- Demand for bio- and hydrocarbon petrol and diesel fuels in the United Kingdom (UK) from 2000 to 2017* (in 1,000 metric tons)Demand for petrol and diesel fuels in the United Kingdom (UK) 2000-2017
- Volume of petroleum products consumed for transportation use in the United Kingdom (UK) between 2000 and 2018 (in 1,000 metric tons)Transport petroleum consumption use in the United Kingdom (UK) 2000-2018
- Percentage change in freight transport fuel costs in the United Kingdom (UK) from 2012 to 2017Freight transport fuel cost change in the United Kingdom (UK) in 2012-2017
- Government duties from road fuel in the United Kingdom (UK) from 2002 to 2018 (in billion GBP)Road fuel duty in the United Kingdom (UK) 2002-2018
- Fuel imports and exports
The most important statistics
- Origin countries of imported crude oil and natural gas liquids to the United Kingdom (UK) in 2017 (in 1,000 metric tons)Crude oil and natural gas import origin countries to the United Kingdom (UK) 2017
- Origin countries of imported petroleum products to the United Kingdom (UK) in 2017 (in 1,000 metric tons)Petroleum product import origin countries to United Kingdom (UK) 2017
- Volume of crude oil exported to selected countries from the United Kingdom (UK) in 2016 and 2017, by destination (in 1,000 metric tons)Crude oil export destination countries of the United Kingdom (UK) 2016-2017
- Fuel prices
The most important statistics
- Consumer price index (CPI) of electricity, gas and other fuels annually in the United Kingdom (UK) from 2003 to 2018Electricity and gas consumer price index (CPI) annual average in the UK 2003-2018
- Consumer price index (CPI) of gas annually in the United Kingdom (UK) from 2003 to 2018Gas consumer price index (CPI) annual average in the United Kingdom (UK) 2003-2018
- Forecasted oil prices in the United Kingdom (UK) from 2017 to 2024 (in GBP per barrel)*United Kingdom (UK) oil price forecast in GBP 2017-2024
- 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
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Gas production forecast in the United Kingdom (UK) 2016-2023
- Average selling value of gas for the industrial sector in the UK from 2010-2017
- Italy: gas price variation for an average consumer Q1 2016-Q1 2018
- Consumer Price Index (CPI) of gas in Japan 2012-2017
- Cost breakdown of a gas bill in Great Britain (GB) 2017
- Natural gas prices for households in Slovakia 2010-2018, semi-annually
- Natural gas prices for households in Luxembourg 2010-2018, semi-annually
- Natural gas prices for households in Ireland 2010-2018, semi-annually
- Natural gas prices for households in Turkey 2010-2018, semi-annually
- Natural gas prices for households in Latvia 2010-2018, semi-annually
- Natural gas prices for households in Germany 2010-2018, semi-annually
- Natural gas prices for households in Slovenia 2010-2018, semi-annually
- Natural gas prices for households in Lithuania 2010-2018, semi-annually
- Natural gas prices for households in Estonia 2010-2018, semi-annually
- Natural gas prices for households in Romania 2010-2018, semi-annually
- Italy: industrial gas price H1 2015
- Average selling value of electricity and gas in the UK 2010-2017
- Italy: annual inflation rate of electricity and gas 2011-2018
- Natural gas prices for households in Liechtenstein 2014-2017, semi-annually
- Natural gas prices for households in Sweden 2010-2018, semi-annually
Statistics on "Fossil fuel consumption in the United Kingdom"
- Primary energy consumption in the United Kingdom from 2000 to 2017 (in million metric tons of oil equivalent)*
- Oil consumption in the United Kingdom from 1990 to 2017 (in million metric tons)
- Natural gas consumption in the United Kingdom (UK) from 2003 to 2017 (in million metric tons of oil equivalent)
- Coal consumption in United Kingdom from 1998 to 2016 (in million metric tons of oil equivalent)
- Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from 1st quarter 2012 to 4th quarter 2018 in real prices (in pence per kWh)
- Supply of petroleum products in the United Kingdom (UK) between 2000 and 2018, by source (in 1,000 metric tons)
- Volume of petroleum products consumed by petroleum refineries in the United Kingdom (UK) from 2000 to 2018 (in 1,000 metric tons)
- Main fuel outputs of petroleum refineries in the United Kingdom (UK) between 2005 and 2018 (in 1,000 metric tons)
- Demand for bio- and hydrocarbon petrol and diesel fuels in the United Kingdom (UK) from 2000 to 2017* (in 1,000 metric tons)
- Volume of petroleum products consumed for transportation use in the United Kingdom (UK) between 2000 and 2018 (in 1,000 metric tons)
- Percentage change in freight transport fuel costs in the United Kingdom (UK) from 2012 to 2017
- Government duties from road fuel in the United Kingdom (UK) from 2002 to 2018 (in billion GBP)
- Origin countries of imported crude oil and natural gas liquids to the United Kingdom (UK) in 2017 (in 1,000 metric tons)
- Origin countries of imported petroleum products to the United Kingdom (UK) in 2017 (in 1,000 metric tons)
- Volume of crude oil exported to selected countries from the United Kingdom (UK) in 2016 and 2017, by destination (in 1,000 metric tons)
- Consumer price index (CPI) of electricity, gas and other fuels annually in the United Kingdom (UK) from 2003 to 2018
- Consumer price index (CPI) of gas annually in the United Kingdom (UK) from 2003 to 2018
- Forecasted oil prices in the United Kingdom (UK) from 2017 to 2024 (in GBP per barrel)*
- Forecasted gas prices in the United Kingdom from 2017 to 2023 (in pence per therm*)
- Forecasted gas production in the United Kingdom from 2016 to 2023 (in billion therms)
- Average net selling value of gas for the industrial sector in the United Kingdom (UK) from 2010 to 2017 (in pence per kWh* sold)
- Gas price variation for an average consumer in Italy from Q1 2016 to Q1 2018
- Consumer Price Index (CPI) of gas in Japan from 2012 to 2017
- Breakdown of costs for a gas bill in Great Britain (GB) in 2017
- Natural gas prices for households in Slovakia from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Luxembourg from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Ireland from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Turkey from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Latvia from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Germany from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Slovenia from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Lithuania from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Estonia from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Romania from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
- Price of natural gas (tax included) for industrial use in Italy in first half of 2015 (in euros per megawatt hour), by amount consumed
- Average net selling value of electricity and gas in the United Kingdom (UK) from 2010 to 2017 (in pence per kWh* sold)
- Annual inflation rate of electricity, gas and other fuels in Italy from 2011 to 2018
- Natural gas prices for households in Liechtenstein from 2014 to 2017, semi-annually (in euro cents per kilowatt-hour)
- Natural gas prices for households in Sweden from 2010 to 2018, semi-annually (in euro cents per kilowatt-hour)
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