How to Convert £/MWh to p/kWh
Convert wholesale electricity prices from pounds per megawatt-hour to pence per kilowatt-hour.
Related Calculators
Conversion formula
One megawatt-hour equals 1,000 kilowatt-hours.
£/kWh = £/MWh ÷ 1,000
p/kWh = £/MWh ÷ 10For example, £75/MWh equals £0.075/kWh or 7.5p/kWh.
The Wholesale Electricity Cost Calculator performs this conversion automatically.
Related Guides
- How to Calculate the Wholesale Share of an Electricity BillLearn how to identify and calculate the wholesale electricity cost component of your UK energy bill — using Ofgem's published allowances, unit rates, and consumption data.
- How Wholesale Electricity Costs Affect UK Bills: Price Cap ExplainedUnderstand how the wholesale electricity market sets the unit rate on your UK bill — the relationship between gas prices, power station output costs, and what you pay per kWh.
- UK Electricity Bill Components Explained: Standing Charge, Unit Rate, and VATUnderstand every component of a UK electricity bill — standing charge, unit rate (pence per kWh), VAT, network charges, and how Ofgem's price cap limits what suppliers can charge.
- Ofgem Wholesale Cost Allowance ExplainedUnderstand how Ofgem's wholesale cost allowance is set, how it translates to the unit rate and standing charge in your energy tariff, and why wholesale prices affect what you pay.
Frequently Asked Questions
- Is a wholesale spot price enough?
- No. It is a starting point, but household procurement costs can also reflect losses, demand shape, hedging, imbalance, and transactions.
- Why can current price-cap rates differ?
- Rates can vary by region, payment method, meter type, tariff, and cap period. Actual bills also depend on consumption.
- How often should source data be checked?
- At least every price-cap quarter and whenever Ofgem publishes a new workbook or methodology.
Last updated 7/21/2026