Electricity and Gas Price Trends – 5th January 2025 to 9th 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
05/01/2026
73.875
09/01/2026
72.500
MOVEMENT
-1.90%
TERM
2 Year
05/01/2026
71.025
09/01/2026
70.325
MOVEMENT
-1.00%

TERM
3 Year

05/01/2026
70.400

09/01/2026
70.250

MOVEMENT
-0.21%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

05/01/2026
67.250

09/01/2026
66.375

MOVEMENT
-1.32%

TERM
2 Year

05/01/2026
65.250

09/01/2026
63.375

MOVEMENT
-2.96%

TERM
3 Year

05/01/2026
62.125

09/01/2026
60.935

MOVEMENT
-1.95%
SUMMARY

A consistent influx of LNG cargoes and recovery in gas flows from Norway helped reduce the price at the NBP this past week set against the backdrop of strong demand, which held above seasonal norms due to cold weather.

There are currently 10 vessels signalling for UK terminals over the next 2 weeks, 9 of which are laden with cargoes from the US.

A recovery in Norwegian flows also added further help to the near-curve; according to data from operator Gassco, flow nominations into the UK’s Easington and St Fergus import terminals increased by almost 10% day on day from Wednesday to Thursday.

However, UK gas storage has been drawn down heavily during the past week and now sits roughly 50% below levels recorded at the same point last year, underscoring the fragility of the system should cold conditions persist.

UK baseload power prices also saw prices ease, despite a sharp decline in renewable power generation, helped mostly with what has been happening in the gas market.

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 09/01/2025 to 09/01/2026

Overall the average price of Electricity has gone DOWN by 17.19%
Overall the average price of Gas has gone DOWN by 68.62%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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