Quarterly fuel price for major power producers in the United Kingdom (UK) 2012-2022
Oil is generally the most expensive fossil fuel bought by major power producers in the United Kingdom, peaking at 5.75 pence per kilowatt-hour in the first quarter of 2022. This represent roughly a 29 percent increase compared to the same quarter a year prior. Average price of natural gas peaked in the fourth quarter of 2021, at 5.78 pence per kilowatt-hour, almost a threefold increase compared to the fourth quarter of 2020. Nonetheless, figures slightly decreased to 4.98 pence per kilowatt-hour in the first quarter of 2022. By comparison, at that same time, coal was the cheapest fuel, at 2.21 pence per kilowatt-hour.
