United Kingdom electricity prices

United Kingdom
Electricity prices
 Residential price 0.400
 Business price 0.465
 Measure USD / kWh
 Reference December 2023
 Data availability March 2019 - June 2024
 Data frequency Quarterly
United Kingdom, December 2023: The price of electricity for households is GBP 0.312 per kWh or USD 0.400 per kWh. The electricity price for businesses is GBP 0.363 kWh or USD 0.465 per kWh. This includes all components of the electricity bill such as the cost of power, distribution and taxes. For comparison, the average price of electricity in the world for that period is USD 0.156 per kWh for households and USD 0.153 per kWh for businesses.

We calculate several data points at various levels of electricity consumption for both households and businesses but on the chart we show only two data points. For households, the displayed number is calculated at the average annual level of household electricity consumption. For businesses, the displayed data point uses 1,000,000 kWh annual consumption.

The latest business and household electricity price data from June 2024 are available for download.
Electricity prices for households, December 2023
(kWh, U.S. Dollar)
0.002
0.006
0.006
0.006
0.006
0.008
0.013
0.014
0.015
0.015
0.015
0.017
0.019
0.020
0.023
0.023
0.026
0.027
0.029
0.032
0.040
0.043
0.046
0.047
0.047
0.047
0.048
0.048
0.049
0.050
0.052
0.053
0.053
0.055
0.058
0.062
0.065
0.065
0.067
0.072
0.073
0.075
0.075
0.076
0.078
0.080
0.083
0.087
0.089
0.090
0.090
0.093
0.094
0.096
0.096
0.101
0.107
0.108
0.111
0.112
0.112
0.115
0.116
0.119
0.120
0.121
0.121
0.123
0.125
0.126
0.127
0.131
0.131
0.137
0.142
0.143
0.143
0.145
0.145
0.148
0.151
0.154
0.154
0.156
0.156
0.162
0.162
0.170
0.173
0.173
0.174
0.175
0.175
0.176
0.181
0.182
0.188
0.192
0.195
0.196
0.197
0.197
0.198
0.202
0.203
0.204
0.209
0.212
0.216
0.217
0.217
0.225
0.226
0.230
0.232
0.232
0.234
0.238
0.239
0.245
0.249
0.253
0.267
0.269
0.274
0.274
0.279
0.280
0.281
0.292
0.296
0.298
0.311
0.314
0.319
0.335
0.336
0.339
0.381
0.393
0.398
0.400
0.406
0.413
0.424
0.452
0.474
0.520
0
0.1
0.3
0.4
0.52
Sources: British Gas, ScottishPower, SSE Energy, UK government (Gov.uk)
United Kingdom: Electricity price analytics
   Values
 Residential / World average price    250.46 %
 Residential / Europe average    166.12 %
 Business / World average price    294.62 %
 Business / Europe average    219.30 %
 Residential / Business price    85.95 %
 Low / High income households    147.04 %
 Small / Large businesses    107.76 %
Updated quarterly. Methodological notes
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