Natural Gas Prices in the UK: Updated Data and Analysis
Historical Data and Forecasts
WEB UK Natural Gas - data forecasts historical chart - was last updated on April 16 of 2024. The chart provides historical data on natural gas prices in the UK, as well as forecasts for future prices.
Average Cost of Gas
WEB For gas, the average cost per kWh across the UK is 742p with a consistent standing charge of 2960p per day. This means that the average household in the UK pays around £1,700 per year for gas.
Household Prices
The price of natural gas is 0.101 US Dollar per kWh for households. This is equivalent to around 7.4p per kWh.
Non-Domestic Prices
The average non-domestic gas price was estimated to be 291 pence per kWh. This is equivalent to around 29p per kWh.
Recent Price Increases
Gas prices have increased significantly in the latter part of 2023. In October 2023, the price for gas was 462 pence per kWh, which was more than double the price in April 2023.
This increase in prices is due to a number of factors, including the war in Ukraine and the global energy crisis. The war has disrupted gas supplies from Russia, and the global energy crisis has led to increased demand for gas.
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