UK Electricity Rates & Solar

How do electricity rates affect solar savings?

UK electricity rate Q1 2026: 24.5p/kWh (Ofgem price cap). Historical trend: +5-7% per year over 20 years. Pre-crisis (2020): 14p. Peak crisis (2023): 34p. Current (2026): 24.5p — 75% above pre-crisis. Solar savings are DIRECTLY proportional to the electricity rate: at 24.5p, solar saves £580-£1,100/year. If prices rise to 30p: savings increase to £710-£1,345. If to 40p: £950-£1,790. Solar is your personal hedge — once installed, your solar electricity costs £0 regardless of grid price.