Wholesale price for natural gas in the United Kingdom is projected to rise from 47 to 64 British pence per therm between 2020 and 2035, respectively. Figures are expected to remain at 64 British pence per therm in 2040.
Wholesale price projection of natural gas in United Kingdom (UK) from 2020 to 2040*
(in British pence per therm)
* Projected data is taken from the reference scenario, which is based on central estimates of economic growth and fossil fuel prices and contains all agreed policies where decisions on policy design are sufficiently advanced to allow robust estimates of impact (i.e. including "planned" policies).
A therm is a unit used by gas companies to convert the volume of gas to it's heat equivalent. One therm is approximately the energy equivalent of burning 100 cubic feet of natural gas.
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UK Department for Business, Energy and Industrial Strategy. (December 23, 2020). Wholesale price projection of natural gas in United Kingdom (UK) from 2020 to 2040* (in British pence per therm) [Graph]. In Statista. Retrieved August 10, 2022, from https://www.statista.com/statistics/496336/natural-gas-wholesale-prices-projection-uk/
UK Department for Business, Energy and Industrial Strategy. "Wholesale price projection of natural gas in United Kingdom (UK) from 2020 to 2040* (in British pence per therm)." Chart. December 23, 2020. Statista. Accessed August 10, 2022. https://www.statista.com/statistics/496336/natural-gas-wholesale-prices-projection-uk/
UK Department for Business, Energy and Industrial Strategy. (2020). Wholesale price projection of natural gas in United Kingdom (UK) from 2020 to 2040* (in British pence per therm). Statista. Statista Inc.. Accessed: August 10, 2022. https://www.statista.com/statistics/496336/natural-gas-wholesale-prices-projection-uk/
UK Department for Business, Energy and Industrial Strategy. "Wholesale Price Projection of Natural Gas in United Kingdom (Uk) from 2020 to 2040* (in British Pence per Therm)." Statista, Statista Inc., 23 Dec 2020, https://www.statista.com/statistics/496336/natural-gas-wholesale-prices-projection-uk/
UK Department for Business, Energy and Industrial Strategy, Wholesale price projection of natural gas in United Kingdom (UK) from 2020 to 2040* (in British pence per therm) Statista, https://www.statista.com/statistics/496336/natural-gas-wholesale-prices-projection-uk/ (last visited August 10, 2022)
