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*)
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Office for Budget Responsibility. (March 13, 2019). Forecasted gas prices in the United Kingdom from 2017 to 2023 (in pence per therm*) [Graph]. In Statista. Retrieved April 09, 2020, from https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/
Office for Budget Responsibility. "Forecasted gas prices in the United Kingdom from 2017 to 2023 (in pence per therm*)." Chart. March 13, 2019. Statista. Accessed April 09, 2020. https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/
Office for Budget Responsibility. (2019). Forecasted gas prices in the United Kingdom from 2017 to 2023 (in pence per therm*). Statista. Statista Inc.. Accessed: April 09, 2020. https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/
Office for Budget Responsibility. "Forecasted Gas Prices in The United Kingdom from 2017 to 2023 (in Pence per Therm*)." Statista, Statista Inc., 13 Mar 2019, https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/
Office for Budget Responsibility, Forecasted gas prices in the United Kingdom from 2017 to 2023 (in pence per therm*) Statista, https://www.statista.com/statistics/374970/united-kingdom-uk-gas-price-forecast/ (last visited April 09, 2020)
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