For households and businesses alike, energy bills are a constant concern — and one of the biggest contributors to those costs is natural gas. As the price of natural gas UK continues to fluctuate, many are left wondering: is now the right time to switch providers, fix their tariff, or brace for future increases?
Several factors impact the price of natural gas UK, including supply chain issues, global demand, and geopolitical events. Additionally, seasonal weather trends and storage levels across Europe can drive prices up or down in a matter of weeks that affect Small business.
Natural gas in the UK is often priced in pence per therm (GBp/thm). One therm is roughly equal to 29.3 kWh. As of mid-2025, gas rates per therm range between 60p to 90p depending on the market.
In 2022 and 2023, therm prices soared due to reduced Russian exports and increased LNG competition. In 2024–2025, things have stabilised somewhat, but prices remain above pre-pandemic levels.
UK natural gas comes from three main sources: North Sea production, imported liquified natural gas (LNG), and European pipeline supply. The UK’s National Balancing Point (NBP) is the central hub for pricing gas contracts and futures.
Increasingly, yes. While North Sea reserves still provide a base, more gas now comes via global LNG imports. This exposes the UK market to international price volatility.
Tracking the price of natural gas UK month-by-month reveals a pattern driven by cold seasons, industrial demand, and global economic pressures. The ICE Futures exchange and TradingEconomics offer updated price indexes in pence/therm.
Your bill includes the unit rate (gas consumed in kWh), standing charge, and VAT. A spike in therm pricing directly increases the unit rate.
Use an online calculator or contact your energy provider to find how much of your bill is affected by market price movements.
What is UK natural gas?
UK natural gas refers to methane-rich gas used for heating and energy, priced at the National Balancing Point (NBP) in pence per therm. It's sourced from both domestic fields and international suppliers.
Forecasts suggest stability rather than significant drops. Global LNG competition and reduced domestic production continue to apply upward pressure. However, increased renewable use may offset some demand long-term.
Whether you're a small homeowner or business leader, understanding the price of natural gas UK can help you plan better, avoid unexpected bills, and make smart choices for energy efficiency. Don’t wait until your next bill spikes—take charge of your energy strategy now.
Ready to stay ahead of energy changes? Bookmark rate trackers, subscribe to alerts, and talk to your supplier about options tailored to your usage.
Explore the current price of natural gas in the UK, learn about gas rates per therm, and stay informed with UK natural gas pricing trends and tips.
The average UK natural gas price in July 2025 is about 63p per therm. This varies based on market trends, demand, and seasonal factors.
