Andrew Gilding won each set in the first round of the 2016 World Championship by three legs to one in beating Price 3–0. In February at the fifth UK Open Qualifier, Price defeated Mark Webster 6–1 and Mensur Suljović 6–3 to reach his first PDC final, but he was denied the title by world number one Michael van Gerwen who triumphed 6–2. In the seventh Players Championship, Price won through to another final and this time took the title by coming back from 3–0 down against Peter Wright to win 6–3. He also took the eighth event as he averaged 108 in the final during a 6–1 victory over Jamie Caven. After knocking out Kim Huybrechts 10–8 at the World Matchplay, Price would face Adrian Lewis in the second round for the second year in a row. Before the match Lewis stated that Price's win over him 12 months ago was lucky and that Price was a "big mouth who's never won anything and never will win anything". The pre-match tension seemed to affect both players as both averaged in the 80s with Lewis prevailing 11–5. Price lost 2–0 in the first round of the World Grand Prix to Benito van de Pas, and 10–2 to Michael van Gerwen in the second round of the European Championship. Wins over Scott Waites and Robert Thornton saw him top his group on his debut at the Grand Slam of Darts. He missed one match dart against Brendan Dolan in the last 16 in a 10–9 defeat.