United Kingdom electricity prices
The residential electricity price in the United Kingdom is
GBP 0.312 per kWh or USD 0.408.
The electricity price for businesses is
GBP 0.363 kWh or
USD 0.475.
These retail prices were collected in December 2023 and include the cost of power, distribution and transmission, and all taxes and fees.
Compare the United Kingdom with 150 other countries.
Historical quarterly data, along with the latest update from June 2024 are available for download.
Sources: British Gas, ScottishPower, SSE Energy, UK government (Gov.uk)
Electricity price analysis for the United Kingdom
- Residential electricity prices in the United Kingdom are 250.46% of the world average electricity price and 166.12% of the average price in Europe.
- Business electricity rates in the United Kingdom are 294.62% of the world average price and 219.30% of the average in Europe.
- Household rates are 85.95% of the business rates.
- Electricity prices paid by small businesses in the United Kingdom are 107.76% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 147.04% of the price paid by households with high electricity consumption.
