Try our corporate solution for free!
+1 (212) 419-5770
esther.shaulova@statista.com

Energy prices in the UK - Statistics & Facts

Like in any other country around the world, energy prices in the United Kingdom are influenced by a number of different factors. These can include the global energy market, the worldwide economy, and fuel supplies and costs. Oil is still the most consumed raw material used for primary energy consumption in the UK, global crude oil production has a big impact on energy prices. During the global oil glut in 2016, UK household expenditure on energy fell to a low of 58.2 billion British pounds, some eight billion British pounds less than the amount spent just two years later.

Wholesale costs are the main component of electricity prices, accounting for roughly one third of the total bill. However, grid operators have had to increase network costs due to maintenance work and governments have increased policy related costs. As a result many suppliers are currently facing pressure to tighten electricity prices despite improved efficiency in their production process.

On average, UK households with an annual consumption of 3,800 kilowatt hours had to pay 583 British pounds in 2018 for their electricity bill. This was an increase of five percent when compared to the previous year and the highest amount between 2007 and 2018. By comparison, natural gas prices for households with an annual consumption of less than 200 gigajoules fell from 4.74 euro cents per kilowatt hour in 2017 to 4.62 euro cents per kilowatt hour in 2018. Unlike electricity bills, 43 percent of gas bills are made up of wholesale costs.

Energy prices tend to be lower for industry customers. The average electricity price for UK businesses with an annual consumption between 20,000 and 70,000 megawatts per hour was 12.81 euro cents per kilowatt hour in 2018. As with households, electricity prices for industry consumers increased between 2017 and 2018. However, costs were still lower than in 2015.

In terms of gas prices, industry customers with an annual consumption between 100,000 and one million gigajoules only paid 2.09 euro cents per kilowatt hour. More than double the amount paid by households with a consumption below 200 gigajoules.

Interesting statistics

In the following 6 chapters, you will quickly find the 27 most important statistics relating to "Energy prices in the UK".

Energy prices in the UK

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!
TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Energy prices in the UK" and take you straight to the corresponding statistics.

Consumption

Electricity prices

Gas prices

Expenditure

Outlook

Contact

Get in touch with us. We are happy to help.

Statista Locations
ContactEsther Shaulova
Esther Shaulova
Operations Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

ContactZiyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

ContactLodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

ContactCatalina Rodriguez
Catalina Rodriguez
Key Account Manager - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)