Monthly report · day-ahead marketElectricity prices in Great Britain, August 2024
August 2024
Monthly average5.98£59.75/MWh
Cheapest day25 Aug1.46p/kWh
Most expensive day30 Aug9.01p/kWh
Hours below zero49h
In August 2024, electricity on the day-ahead market in Great Britain cost an average of 5.98p/kWh (£59.75/MWh).
That is 14% less than in July 2024.
The cheapest day was Sunday, 25 August 2024, averaging 1.46p/kWh; the most expensive was Friday, 30 August 2024 at 9.01p/kWh.
The lowest price came on 25 August 2024 at 13:00 (-1.15p/kWh), the highest on 30 August 2024 at 19:00 (11.64p/kWh). In total, prices were below zero for 49 hours.
On an average day, the cheapest three hours were 12:00–15:00. Weekends were on average 5% cheaper than weekdays.
Compared with
- Previous month (July 2024)
- 6.94 ▼
- Weekdays
- 6.06
- Weekends
- 5.76
Wholesale price · p/kWh
Price by day
Daily wholesale average; the line marks the monthly average.
p/kWh
The average day
Average wholesale price for each hour of the day this month.
p/kWh · 12:00–15:00
All days
| Day | Average | Lowest | Highest | Hours < 0 |
|---|---|---|---|---|
| 1 Aug Thursday | 8.13 | 6.48 03:00 | 9.85 18:00 | – |
| 2 Aug Friday | 7.32 | 4.76 13:00 | 9.60 07:00 | – |
| 3 Aug Saturday | 7.86 | 5.84 15:00 | 9.61 09:00 | – |
| 4 Aug Sunday | 7.21 | 4.16 15:00 | 9.09 10:00 | – |
| 5 Aug Monday | 5.88 | 3.61 03:00 | 9.26 20:00 | – |
| 6 Aug Tuesday | 7.20 | 5.05 15:00 | 9.29 08:00 | – |
| 7 Aug Wednesday | 5.16 | 2.43 12:00 | 8.84 20:00 | – |
| 8 Aug Thursday | 6.52 | 3.82 02:00 | 9.18 10:00 | – |
| 9 Aug Friday | 1.72 | -0.51 13:00 | 7.18 20:00 | 10 |
| 10 Aug Saturday | 2.69 | -0.95 13:00 | 9.21 21:00 | 5 |
| 11 Aug Sunday | 7.71 | 6.39 22:00 | 9.62 19:00 | – |
| 12 Aug Monday | 4.48 | 0.58 03:00 | 10.81 20:00 | – |
| 13 Aug Tuesday | 7.15 | 3.53 12:00 | 10.03 20:00 | – |
| 14 Aug Wednesday | 7.87 | 6.57 14:00 | 9.82 07:00 | – |
| 15 Aug Thursday | 5.43 | 1.37 13:00 | 9.88 20:00 | – |
| 16 Aug Friday | 6.45 | 2.97 13:00 | 9.38 07:00 | – |
| 17 Aug Saturday | 6.56 | 3.37 13:00 | 9.65 21:00 | – |
| 18 Aug Sunday | 4.86 | 0.57 14:00 | 9.25 21:00 | – |
| 19 Aug Monday | 7.93 | 5.43 14:00 | 9.97 07:00 | – |
| 20 Aug Tuesday | 5.68 | 2.63 14:00 | 9.62 19:00 | – |
| 21 Aug Wednesday | 3.19 | -0.58 13:00 | 8.65 19:00 | 4 |
| 22 Aug Thursday | 2.69 | -0.90 03:00 | 10.47 20:00 | 9 |
| 23 Aug Friday | 3.21 | -0.99 13:00 | 10.02 20:00 | 6 |
| 24 Aug Saturday | 6.10 | 1.91 15:00 | 9.28 10:00 | – |
| 25 Aug Sunday | 1.46 | -1.15 13:00 | 8.27 20:00 | 15 |
| 26 Aug Monday | 5.53 | 2.26 02:00 | 10.44 19:00 | – |
| 27 Aug Tuesday | 5.89 | 2.17 12:00 | 10.36 20:00 | – |
| 28 Aug Wednesday | 8.42 | 6.26 14:00 | 11.26 19:00 | – |
| 29 Aug Thursday | 8.54 | 4.91 13:00 | 11.09 20:00 | – |
| 30 Aug Friday | 9.01 | 6.93 12:00 | 11.64 19:00 | – |
| 31 Aug Saturday | 7.39 | 1.20 14:00 | 10.92 18:00 | – |
p/kWh · Today · Methodology