Electricity and Gas Price Trends – 6th March 2026 to 18th March 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
06/03/2026
94.500
18/03/2026
96.450
MOVEMENT
+2.02%
TERM
2 Year
06/03/2026
70.525
18/03/2026
74.700
MOVEMENT
+5.59%

TERM
3 Year

06/03/2026
64.800

18/03/2026
63.010

MOVEMENT
-2.84%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

06/03/2026
117.500

18/03/2026
122.800

MOVEMENT
+4.32%

TERM
2 Year

06/03/2026
77.500

18/03/2026
85.875

MOVEMENT
+9.75%

TERM
3 Year

06/03/2026
60.950

18/03/2026
63.460

MOVEMENT
+3.96%
SUMMARY

Overall, gas prices continued their upward trajectory for the period as the Iran war continued to provide strong support.

Reports have emerged that the Shah gas field in the UAE (the countries largest) was set ablaze following a drone attack, further impacting regional production capacity which has been significantly impacted by the conflict.

The strike is considered the first direct attack on an operating gas field, in contrast to previous incidents that targeted refineries and export terminals.

LNG deliveries have also slowed in March when compared to the same time last year. 15 ships had arrived in the period 1st to 18th March 2025 but only 9 have arrived so far this month.

On the power side, baseload prices posted gains over the period, lifting in line with gas and crude oil although renewable generation has been strong over the past week, which has helped contain further increases across the prompt and near-curve.

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 18/03/2025 to 18/03/2026

Overall the average price of Electricity has gone DOWN by 2.47%
Overall the average price of Gas has gone DOWN by 2.64%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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