Electricity and Gas Price Trends – 2nd May 2025 to 9th May 2025


Ingrid & Anders
Please find detailed below the latest weekly update on the wholesale electricity and gas relative in the UK.

WHAT HAPPENED TO PRICES LAST WEEK ?
ELECTRICITY WHOLESALE PRICE CHANGES (£/MWh)
TERM
1 Year
02/05/2025
76.18
09/05/2025
81.89
MOVEMENT
+6.97%
TERM
2 Year
02/05/2025
73.83
09/05/2025
78.89
MOVEMENT
+6.41%

TERM
3 Year

02/05/2025
71.97

09/05/2025
76.29

MOVEMENT
+5.66%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

02/05/2025
82.575

09/05/2025
90.397

MOVEMENT
+8.65%

TERM
2 Year

02/05/2025
80.632

09/05/2025
87.256

MOVEMENT
+7.59%

TERM
3 Year

02/05/2025
78.280

09/05/2025
83.520

MOVEMENT
+6.27%
SUMMARY

Prices corrected higher towards the back end of the week as markets responded to key EU energy policy shifts.

Earlier in the week the European Commission unveiled a roadmap to eliminate Russian energy imports by the end of 2027, followed on Thursday with news that the European Parliament voted in favour of revisions to gas storage rules.

The mandatory 90% storage target by November 1st has been adjusted to 83% between October 1st and December 1st, with the mandate extended to at least December 2027.

Whilst its good news that the target has been reduced, these developments have introduced renewed uncertainty across EU gas hubs and the NBP prompting market participants to reassess supply dynamics ahead of winter.

In other news, the UK and US signed a long-awaited trade deal on Thursday afternoon (BST) something that has been pursued multiple times without success since the UK left the EU in January 2020.

See previous editions of the weekly price trends update by clicking here.

We also have lots of useful news articles that will help you form a much more rounded view of the energy sector before you make a decision on your next energy contract.

Wholesale Price Change 09/05/2024 to 09/05/2025

Overall the average price of Electricity has gone UP by 3.52%
Overall the average price of Gas has gone UP by 1.83%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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