Nominet, the .UK domain registry, has announced that the wholesale price for .UK domains (e.g. .uk, .co.uk, .org.uk and .me.uk) will change to £3.75 per year from 1 March 2016.
The cost of a UK domain is set to increase from £2.50 per year to £3.75, a move that the group claims was necessary for it to “compete in a promotion-driven industry”.
The wholesale cost of .UK domain names for registrations of two years or more has not changed since 1999. As part of the company’s commercial strategy, pricing will now be reviewed annually. Retail prices for .UK domains are set by domain name registrars.
Russell Haworth, Nominet CEO commented: ‘We’re committed to running a first class service for .UK registrants, including our renowned customer service, and we’re doing more than ever before to ensure the .UK space is a safe and trusted home for all. But costs have risen considerably since we last changed the price, and we need to compete in a promotion-driven industry. We won’t compromise on the quality of our service or dial back our efforts to counter cyber-threats head on. However, it’s important to us that .UK domains represent value for money as well as quality, and the price we have set reflects that.”