Electricity and Gas Price Trends – 19th December 2025 to 5th January 2026


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
19/12/2025
72.050
05/01/2026
73.875
MOVEMENT
+2.47%
TERM
2 Year
19/12/2025
70.100
05/01/2026
71.025
MOVEMENT
+1.30%

TERM
3 Year

19/12/2025
69.350

05/01/2026
70.400

MOVEMENT
+1.49%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

19/12/2025
67.550

05/01/2026
67.250

MOVEMENT
-0.45%

TERM
2 Year

19/12/2025
64.750

05/01/2026
65.250

MOVEMENT
+0.77%

TERM
3 Year

19/12/2025
62.630

05/01/2026
62.125

MOVEMENT
-0.81%
SUMMARY

Prices firmed at the NBP over the festive period as the cold snap continued to drive more system demand.

The Crown Gas and Power 14-day model suggests that demand will average above seasonal norms until at least 18th January. Temperatures plummeted over the weekend and are expected to dip below freezing frequently across the first week of 2026.

However, steady LNG and Norwegian supplies served as a price ceiling for the near-curve with shipping data showing that 12 vessels arrived at UK terminals in the last two weeks.

Similar conditions were observed across the baseload power curve as the Carbon EUA benchmark contract gained 1.1% when compared to New Years Eve’s close, supporting the cost of gas, oil and coal power generation across Europe.

Strong renewable output on Friday likely served to temper upward momentum with wind power averaging 18.5GW, comprising 49.6% of the generation stack and helping to keep gas limited at just 5.3GW (13.5%), though lower wind speeds are expected for the week ahead.

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 06/01/2025 to 05/01/2026

Overall the average price of Electricity has gone DOWN by 23.30%
Overall the average price of Gas has gone DOWN by 68.85%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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