IFS Report Compares UK Energy Prices to International Benchmarks Amid Market Strain
What happened
The Institute for Fiscal Studies released a report comparing UK electricity and gas prices to those in the 32 member states of the International Energy Agency. The report found that household electricity bills have risen by 147 per cent since 2010. In the UK, typical customers paid 29.70p per kWh in 2025, while prices in France, Sweden, and the Netherlands were lower at 22.41p/kWh, 22.99p/kWh, and 21.22p/kWh, respectively.
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Why it matters
The findings highlight that the UK maintains some of the highest domestic electricity costs among G7 countries. The comparison is made against the backdrop of continent-wide energy market disruption caused by an ongoing invasion.
The International Energy Agency and WRI are tracking global energy trends as the ongoing war with Iran tests the resilience of global energy markets, showing early signs of transition in US/EU markets.
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Who's involved
- Institute for Fiscal StudiesUK research institute that conducted the cost analysis and published the findings.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Institute for Fiscal StudiesSpeculative
The high cost structure revealed in the report could affect consumer disposable income and business operational costs.
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The entities involved
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Institute for Fiscal Studies
UK research institute
Nothing else this week.
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International Energy Agency
autonomous intergovernmental organisation
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