Electricity and Gas Price Trends – 26th June 2026 to 2nd July 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
26/06/2026
82.750
02/07/2026
83.583
MOVEMENT
+1.00%
TERM
2 Year
26/06/2026
65.690
02/07/2026
65.735
MOVEMENT
+0.07%

TERM
3 Year

26/06/2026
61.550

02/07/2026
62.310

MOVEMENT
+1.22%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

26/06/2026
86.917

02/07/2026
89.250

MOVEMENT
+2.61%

TERM
2 Year

26/06/2026
67.375

02/07/2026
66.925

MOVEMENT
-0.67%

TERM
3 Year

26/06/2026
61.805

02/07/2026
62.315

MOVEMENT
+0.82%
SUMMARY

NBP gas prices held for the majority of the week, with curve contracts trading in a relatively narrow range of 105p-110p/therm.

Largely steady market drivers and supply fundamentals have been key to maintaining this stability. The US-Iran ceasefire continues to hold despite alleged breaches last weekend, and Hormuz vessel traffic is gradually recovering despite the Strait being declared closed by Iran.

The market was also supported by a steady stream of North Sea flows which helped ease pressure at the front-end. According to data from National Gas, UK and Norwegian offshore production accounted for more than 95% of supply on Wednesday.

At the same time, the latest run of the Crown Gas and Power 14-day model indicates that demand will trend slightly below seasonal norms until at least 15th July, reinforcing the short-term supply outlook.

On the power side, a rapid reshuffling of the British power mix was observed on Thursday, with a strong rebound in wind deeply depressing gas-fired generation after persistently calm conditions over the past couple of weeks. According to data form Elexon, wind output reached its highest level since 19th May on Thursday, averaging at a rate of 15.7GW, a massive 46.8% of the generation 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 02/07/2025 to 02/07/2026

Overall the average price of Electricity has gone DOWN by 7.85%
Overall the average price of Gas has gone DOWN by 15.97%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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