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.
Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from Q1 2012 to Q1 2022 (in pence per kilowatt-hour)
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GOV.UK, & UK Department for Business, Energy and Industrial Strategy. (June 30, 2022). Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from Q1 2012 to Q1 2022 (in pence per kilowatt-hour) [Graph]. In Statista. Retrieved September 28, 2023, from https://www.statista.com/statistics/382252/price-of-fuels-for-major-power-producers-in-the-united-kingdom-uk-quarterly/
GOV.UK, und UK Department for Business, Energy and Industrial Strategy. "Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from Q1 2012 to Q1 2022 (in pence per kilowatt-hour)." Chart. June 30, 2022. Statista. Accessed September 28, 2023. https://www.statista.com/statistics/382252/price-of-fuels-for-major-power-producers-in-the-united-kingdom-uk-quarterly/
GOV.UK, UK Department for Business, Energy and Industrial Strategy. (2022). Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from Q1 2012 to Q1 2022 (in pence per kilowatt-hour). Statista. Statista Inc.. Accessed: September 28, 2023. https://www.statista.com/statistics/382252/price-of-fuels-for-major-power-producers-in-the-united-kingdom-uk-quarterly/
GOV.UK, and UK Department for Business, Energy and Industrial Strategy. "Average Price of Fossil Fuels Bought by Major Power Producers in The United Kingdom (Uk) from Q1 2012 to Q1 2022 (in Pence per Kilowatt-hour)." Statista, Statista Inc., 30 Jun 2022, https://www.statista.com/statistics/382252/price-of-fuels-for-major-power-producers-in-the-united-kingdom-uk-quarterly/
GOV.UK & UK Department for Business, Energy and Industrial Strategy, Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from Q1 2012 to Q1 2022 (in pence per kilowatt-hour) Statista, https://www.statista.com/statistics/382252/price-of-fuels-for-major-power-producers-in-the-united-kingdom-uk-quarterly/ (last visited September 28, 2023)
Average price of fossil fuels bought by major power producers in the United Kingdom (UK) from Q1 2012 to Q1 2022 (in pence per kilowatt-hour) [Graph], GOV.UK, & UK Department for Business, Energy and Industrial Strategy, June 30, 2022. [Online]. Available: https://www.statista.com/statistics/382252/price-of-fuels-for-major-power-producers-in-the-united-kingdom-uk-quarterly/