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If you thought that prices for industrial use electricity and gas in the United Kingdom were expensive, then think again.

Recent research using real company data across Europe suggests otherwise. The data shows that the UK’s prices are either comparable to other countries or some of the cheapest available!

European Country Data

Country Electric Gas Country Electric Gas
Austria 7.963 3.368 Italy 14.320 3.538
Belgium 8.307 3.235 Latvia 8.525 3.053
Bulgaria 5.741 3.017 Lithuania 9.384 3.563
Croatia 6.965 3.493 Luxembourg 6.434 4.262
Cyprus 16.661 na Malta 13.696 na
Czech Republic 8.344 3.066 Netherlands 7.570 3.408
Denmark 8.067 6.478 Poland 7.287 3.002
Estonia 6.609 2.880 Portugal 8.947 3.564
Finland 6.125 4.070 Romania 6.449 2.155
France 6.637 3.483 Slovakia 10.194 3.533
Germany 9.891 4.097 Slovenia 7.158 4.786
Greece 7.869 na Spain 8.740 3.091
Hungary 8.879 3.889 Sweden 6.154 4.692
Ireland 9.050 3.433 United Kingdom 8.794 2.594

Data is from May of this year. The research data displayed is taken from a total of 3,820 companies, including 371 based in the UK.

Prices shown are in pence per kWh (p/kWh). Source: Eurostat.

Data Highlights

For gas, the UK has the second lowest unit price in Europe at 2.594p/kWh with Denmark the highest at 6.478p/kWh (149% higher). For electricity, the UK has the 10th most expensive rates at 8.794p/kWh with Cyprus the highest at 16.661p/kWh (89.45% higher).

In the residential market, the average price is 14.604p/kWh for electric and 2.593p/kWh for gas. These are 66.07% and 3.73& higher respectively than industrial users.

Graphical Representation

Elecprices504x453

Gasprices506x402

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