Wholesale electricity prices in the United Kingdom hit a record-high in 2022, reaching 21.7 British pence per kilowatt-hour that year. Projections indicate that prices are bound to decrease steadily in the next few years, falling under five pence per kilowatt-hour by 2030.
Wholesale price projection of electricity in United Kingdom (UK) from 2022 to 2040
(in British pence per kilowatt-hour)
Refers to baseload electricity. In constant 2022 prices.
Supplementary notes
Projected data is taken from the reference scenario, which contains all implemented policies and those that are planned where the level of funding has been agreed and the design of the policy is near final.
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GOV.UK, & UK Department for Business, Energy and Industrial Strategy, & Department for Energy Security and Net-Zero (UK). (November 30, 2023). Wholesale price projection of electricity in United Kingdom (UK) from 2022 to 2040 (in British pence per kilowatt-hour) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/496328/electricity-wholesale-prices-projection-uk/
GOV.UK, und UK Department for Business, Energy and Industrial Strategy, und Department for Energy Security and Net-Zero (UK). "Wholesale price projection of electricity in United Kingdom (UK) from 2022 to 2040 (in British pence per kilowatt-hour)." Chart. November 30, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/496328/electricity-wholesale-prices-projection-uk/
GOV.UK, UK Department for Business, Energy and Industrial Strategy, Department for Energy Security and Net-Zero (UK). (2023). Wholesale price projection of electricity in United Kingdom (UK) from 2022 to 2040 (in British pence per kilowatt-hour). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/496328/electricity-wholesale-prices-projection-uk/
GOV.UK, and UK Department for Business, Energy and Industrial Strategy, and Department for Energy Security and Net-Zero (UK). "Wholesale Price Projection of Electricity in United Kingdom (Uk) from 2022 to 2040 (in British Pence per Kilowatt-hour)." Statista, Statista Inc., 30 Nov 2023, https://www.statista.com/statistics/496328/electricity-wholesale-prices-projection-uk/
GOV.UK & UK Department for Business, Energy and Industrial Strategy & Department for Energy Security and Net-Zero (UK), Wholesale price projection of electricity in United Kingdom (UK) from 2022 to 2040 (in British pence per kilowatt-hour) Statista, https://www.statista.com/statistics/496328/electricity-wholesale-prices-projection-uk/ (last visited December 21, 2024)
Wholesale price projection of electricity in United Kingdom (UK) from 2022 to 2040 (in British pence per kilowatt-hour) [Graph], GOV.UK, & UK Department for Business, Energy and Industrial Strategy, & Department for Energy Security and Net-Zero (UK), November 30, 2023. [Online]. Available: https://www.statista.com/statistics/496328/electricity-wholesale-prices-projection-uk/
