Wholesale Gas Prices
The Latest Business & Commercial Gas Prices
UK Business Gas Prices are determined in a traded market where the price is set by the marginal gas transaction. When the first pipeline between the UK and continental Europe was opened in 1998 a link was established between UK Commercial Gas Prices and the oil indexed prices in continental Europe. The introduction of LNG to the UK adds a more global component to UK gas prices. In the future the UK will be competing with US and Asian markets for LNG cargoes that can, to some extent switch between destinations across the globe. The UK natural gas market therefore faces a paradigm shift both in supplies, a move from domestic gas production to global imports, and in prices, with a growing link to global gas and oil prices as you can see in our wholesale gas price graph.
UK Day Ahead Wholesale Gas Price History
UK Business Gas Prices are determined in a traded market where the price is set by the marginal gas transaction. When the first pipeline between the UK and continental Europe was opened in 1998 a link was established between UK Commercial Gas Prices and the oil indexed prices in continental Europe. The introduction of LNG to the UK adds a more global component to UK gas prices. In the future the UK will be competing with US and Asian markets for LNG cargoes that can, to some extent switch between destinations across the globe. The UK natural gas market therefore faces a paradigm shift both in supplies, a move from domestic gas production to global imports, and in prices, with a growing link to global gas and oil prices as you can see in our wholesale gas price graph.
UK Day Ahead Wholesale Gas Price History
Whilst the absolute gas price level has increased materially recently, the rise in gas prices has been in line with changes in oil prices so the parity of gas relative to oil prices is within a historically observed range. The growing reliance on imports means the outlook is for a significant increase in out turn gas prices although it is expected to remain below parity with crude oil prices.
Current UK Gas Prices Chart
Our Supply Panel
We offer a comprehensive commercial gas consultancy service that helps you find the right commercial gas and business gas contracts. Our commercial gas consultants will search the UK’s top wholesale gas suppliers to find the cheapest gas prices allowing you to quickly compare your current gas rates uk cost with our range of business gas quotes.