Electricity and Gas Price Trends – 18th March 2026 to 20th 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
18/03/2026
96.450
20/03/2026
111.250
MOVEMENT
+13.30%
TERM
2 Year
18/03/2026
74.700
20/03/2026
85.000
MOVEMENT
+12.12%

TERM
3 Year

18/03/2026
63.010

20/03/2026
67.700

MOVEMENT
+6.93%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

18/03/2026
122.800

20/03/2026
152.000

MOVEMENT
+19.21%

TERM
2 Year

18/03/2026
85.875

20/03/2026
107.000

MOVEMENT
+19.74%

TERM
3 Year

18/03/2026
63.460

20/03/2026
73.495

MOVEMENT
+13.65%
SUMMARY

The market posted it’s fourth consecutive session of gains on Thursday, with the Summer 26 contract closing at circa 152p/therm (5.2p/kWh), the highest settlement price of any front-season contract since February 2023.

Market participants were on heightened alert due to quickly developing events from the Middle East with Qatar confirming that exports from its major Ras Laffan LNG facility could take years to return to previous levels, following Iranian strikes earlier in the week.

Before the war, Qatar was considered to be the second largest LNG exporter in the world.

On the power side, renewable generation continued to decline towards the end of the week. According to data from Elexon, wind generation averaged only 3.1GW on Thursday a stark contrast compared to 18.5GW recorded on Tuesday.

Natural gas, which is currently trading roughly twice as high as the same time last month, served as the largest source of generation at 12.2GW (36.3% of the GB power mix).

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 20/03/2025 to 20/03/2026

Overall the average price of Electricity has gone UP by 5.41%
Overall the average price of Gas has gone UP by 12.61%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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