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Projected gas price in the United Kingdom (UK) 2019-2040

British gas price is expected to continuously increase until 2035, when prices are forecasted to stabilize. In 2035, low, central and high are expected to reach 43, 64 and 88 British pence per therm, respectively.

The high, central and low projections are used by Her Majesty's Government for policy appraisal and modeling work. Gas prices are influenced by a number of external factors, including new projects in places such as Australia, weather conditions affecting demand, and the price of oil relative to gas.

Projected wholesale price of gas in the United Kingdom (UK) from 2019 to 2040

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Release date

February 2020


United Kingdom

Survey time period

2019 to 2040

Supplementary notes

Exchange rate assumption: 1.30 GBP:USD.

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Statistics on "Energy prices in the UK"

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