Electricity and Gas Price Trends – 9th January 2026 to 16th 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
09/01/2026
72.500
16/01/2026
77.000
MOVEMENT
+5.84%
TERM
2 Year
09/01/2026
70.325
16/01/2026
72.150
MOVEMENT
+2.53%

TERM
3 Year

09/01/2026
70.250

16/01/2026
71.625

MOVEMENT
+1.92%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

09/01/2026
66.375

16/01/2026
71.425

MOVEMENT
+7.07%

TERM
2 Year

09/01/2026
63.375

16/01/2026
62.375

MOVEMENT
-1.60%

TERM
3 Year

09/01/2026
60.935

16/01/2026
59.520

MOVEMENT
-2.38%
SUMMARY

Near dated contracts rose for the majority of the past week as the market eyed the onset of another cold spell later next week against the backdrop of depleted gas storage levels.

Although demand is expected to hold below seasonal norms until Thursday 22nd January, relief will be short-lived, with levels rising sharply thereafter and staying elevated until at least 29th January as temperatures dip back below freezing in some regions.

Gas storage withdrawal rates across the continent have eased slightly in recent days, but the level has been significantly depleted over the past few weeks during the cold snap.

Comparable gains were seen across key baseload contracts on the power curve as increases at the gas NBP filtered through.

As with gas, contracts at the front-end were subjected to the biggest gains amid heightened supply-side risk.

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 16/01/2025 to 16/01/2026

Overall the average price of Electricity has gone DOWN by 15.72%
Overall the average price of Gas has gone DOWN by 67.96%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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