UK Gas and Electricity Prices in International ContextDECC reports that in 2015 UK domestic electricity prices including taxes were:
The figures for industrial electricity prices are also unfavourable. In 2015, average UK industrial electricity prices including taxes were:
The situation with regard to gas prices is fortunately better. In 2015, average UK industrial gas prices, including taxes where not refunded, were:
The tables also provide very helpful country price tables that allow quick comparisons. These can be remarkably illuminating. For example, in 2015 domestic electricity prices in the UK were about 15.5p/kWh, whereas in the United States the price was 8.3p/kWh, and in Korea a remarkable 6.7p/kWh.
The highest domestic electricity prices are found in Germany (22p/kWh and Denmark (21p/kWh, both countries with very aggressive renewables policies and extensive deployment, as well as policies that share the burden of renewables unevenly between industrial and domestic consumers. German industrial prices are about 9.5p/kWh, which though high by European standards (only Italy is higher in the EU 15), is only a fraction over that in the UK (9.36p/kWh). To put this another way, domestic electricity prices in the UK are 6p/kWh more than industrial prices; but in Germany the difference is 12p/kWh. Doubtless this helps to protect jobs in export based industries, but one wonders how much further the German household’s Willingness To Pay can be stretched.