ChartJavascript is required to render chart Electricity prices: Day-ahead baseload contracts – monthly average (GB).Source: ICIS.Information correct as of: June 2020 This chart shows the price of electricity on the wholesale market in GB for delivery the next working day at a constant ‘baseload’ rate. The data is averaged by month rather than by day and covers around a ten year time period. Further information on wholesale prices can be found in our State of the Energy Market 2019 report. The data comes from ICIS’s price assessment of over-the-counter trading through brokers. A full explanation of ICIS’s methodology is available on ICIS's website. Policy Areas:Electricity - wholesale markets Data Table Electricity prices: Day-ahead baseload contracts – monthly average (GB) Month beginningPrice 01/06/201042.18 01/07/201043.53 01/08/201039.95 01/09/201041.12 01/10/201043.5 01/11/201046.4 01/12/201058.03 01/01/201148.43 01/02/201146.47 01/03/201151.41 01/04/201150.88 01/05/201150.27 01/06/201150.82 01/07/201147.96 01/08/201147.36 01/09/201148.32 01/10/201146.83 01/11/201146.15 01/12/201143.54 01/01/201242.17 01/02/201249.1 01/03/201245.64 01/04/201245.91 01/05/201243.79 01/06/201242.24 01/07/201242.71 01/08/201241.21 01/09/201243.39 01/10/201247.6 01/11/201249 01/12/201249.76 01/01/201349.96 01/02/201351.44 01/03/201362.9 01/04/201351.3 01/05/201348.89 01/06/201347.31 01/07/201348.73 01/08/201347.31 01/09/201349.63 01/10/201348.22 01/11/201353.05 01/12/201350.81 01/01/201447.67 01/02/201445.15 01/03/201444.41 01/04/201441.77 01/05/201439.62 01/06/201436.67 01/07/201435.46 01/08/201437.95 01/09/201443.28 01/10/201444.81 01/11/201448.43 01/12/201443.96 01/01/201539.86 01/02/201542.86 01/03/201540.91 01/04/201543.97 01/05/201541.21 01/06/201541.66 01/07/201542.2 01/08/201540.86 01/09/201542.04 01/10/201540.29 01/11/201538.01 01/12/201535.07 01/01/201636.95 01/02/201633.85 01/03/201634.76 01/04/201634.37 01/05/201634.61 01/06/201637.51 01/07/201638.4 01/08/201636.51 01/09/201651.13 01/10/201656.03 01/11/201667.54 01/12/201649.87 01/01/201753.37 01/02/201749.49 01/03/201741.99 01/04/201742.10 01/05/201741.24 01/06/201739.68 01/07/201743.05 01/08/201743.34 01/09/201747.17 01/10/201746.68 01/11/201751.45 01/12/201756.18 01/01/201850.84 01/02/201853.68 01/03/201856.79 01/04/201850.74 01/05/201854.25 01/06/201854.00 01/07/201857.61 01/08/201861.94 01/09/201867.69 01/10/201864.76 01/11/201862.19 01/12/201864.32 01/01/201962.55 01/02/201950.27 01/03/201944.96 01/04/201943.87 01/05/201941.35 01/06/201939.40 01/07/201941.86 01/08/201939.62 01/09/201937.32 01/10/201937.74 01/11/201946.04 01/12/201939.94 01/01/202035.93 01/02/202032.04 01/03/202033.22 01/04/202024.01 01/05/202024.13 01/06/202028.42 More information Electricity prices (Day-ahead, baseload contracts): At-a-glance summary Electricity wholesale prices in GB over the past decade have largely been driven by changes in the gas price. This is because gas-fired generation is often the marginal source of supply and hence sets the electricity price. Changes in carbon prices have also influenced electricity prices in recent years, and more recently a reduction in demand due to Covid-19 has pushed down the price. Relevance and further information Day-ahead prices are a good indicator of the short-term price of electricity in GB. However, Day-ahead prices are just one measure of the price of electricity. Suppliers will often buy most of their electricity months or even years in advance of when it will be delivered, so Day-ahead prices may not necessarily reflect the price that suppliers will have paid for their electricity. The ‘baseload’ rate refers to a contract for electricity that is produced continually throughout the day and is distinct from ‘peak rates’ when electricity is bought/sold for consumption at peak times (7am to 7pm). Date correct June 2020 Policy area Electricity - wholesale markets
