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
(in British pence per therm)
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GOV.UK. (February 6, 2020). Projected wholesale price of gas in the United Kingdom (UK) from 2019 to 2040 (in British pence per therm) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/720581/uk-projected-gas-price/
GOV.UK. "Projected wholesale price of gas in the United Kingdom (UK) from 2019 to 2040 (in British pence per therm)." Chart. February 6, 2020. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/720581/uk-projected-gas-price/
GOV.UK. (2020). Projected wholesale price of gas in the United Kingdom (UK) from 2019 to 2040 (in British pence per therm). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/720581/uk-projected-gas-price/
GOV.UK. "Projected Wholesale Price of Gas in The United Kingdom (Uk) from 2019 to 2040 (in British Pence per Therm)." Statista, Statista Inc., 6 Feb 2020, https://www.statista.com/statistics/720581/uk-projected-gas-price/
GOV.UK, Projected wholesale price of gas in the United Kingdom (UK) from 2019 to 2040 (in British pence per therm) Statista, https://www.statista.com/statistics/720581/uk-projected-gas-price/ (last visited December 21, 2024)
Projected wholesale price of gas in the United Kingdom (UK) from 2019 to 2040 (in British pence per therm) [Graph], GOV.UK, February 6, 2020. [Online]. Available: https://www.statista.com/statistics/720581/uk-projected-gas-price/
