Depiction of trends in the retail prices of gas and electricity since privatisation.Jump to full report >>
Both domestic gas and electricity prices increased between 2010 and 2014, but decreased in 2015 and 2016. The Committee on Climate Change estimates that with current policies average dual fuel bills will increase by around 18% in real terms between 2010 and 2020 and that 60% of the increase will be policy related.
The average standard credit gas bill for a typical consumer was £703 in 2016. This was almost double the 2001 low in nominal terms but down 13.8% from the 2014 figures which was the highest in this series.
In 2016 average annual cost for domestic gas consumers using prepayment method were 8.6% higher than for those on direct debit. Electricity cost for direct debit consumer were 6.9% lower.
Commons Briefing papers SN03995
Author: Tom Rutherford