Electricity and Gas Price Trends – 20th February 2026 to 27th February 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
20/02/2026
74.375
27/02/2026
72.150
MOVEMENT
-3.08%
TERM
2 Year
20/02/2026
66.550
27/02/2026
64.685
MOVEMENT
-2.88%

TERM
3 Year

20/02/2026
63.625

27/02/2026
61.185

MOVEMENT
-3.99%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

20/02/2026
78.400

27/02/2026
77.925

MOVEMENT
-0.61%

TERM
2 Year

20/02/2026
66.750

27/02/2026
66.025

MOVEMENT
-1.10%

TERM
3 Year

20/02/2026
58.405

27/02/2026
57.800

MOVEMENT
-1.05%
SUMMARY

A late afternoon rally propelled NBP gas prices higher on Thursday, but overall energy prices fell week on week amid below forecast demand.

Tense US-Iran negotiations and falling Norwegian flows served as the primary source of Friday’s inceases. According to data from offshore operator Gassco, imports via the major Norway-UK Langeled interconnector fell 15.6% to just 48.1GW, though a slight increase in UK production helped to mitigate the decline in North Sea supply.

On the LNG front, fundamentals look strong heading into March, with 5 vessels signalling for arrival at British terminals next week. February is also expected to see a total of 29 arrivals in February, up from 25 last year.

On the power front, strong renewable output in the last half of the week helped the overall price position.

Combined renewable generation met around 62.6% of system demand on Thursday, this, along with an increase in imports, heavily subdued gas-fired power demand, which contributed just 9.6% over the same period.

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 27/02/2025 to 27/02/2026

Overall the average price of Electricity has gone DOWN by 20.10%
Overall the average price of Gas has gone DOWN by 39.65%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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