Electricity and Gas Price Trends – 10th July 2026 to 17th 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
10/07/2026
87.850
17/07/2026
94.417
MOVEMENT
+6.96%
TERM
2 Year
10/07/2026
65.210
17/07/2026
66.025
MOVEMENT
+1.23%

TERM
3 Year

10/07/2026
60.320

17/07/2026
61.570

MOVEMENT
+2.03%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

10/07/2026
97.150

17/07/2026
109.000

MOVEMENT
+10.87%

TERM
2 Year

10/07/2026
68.000

17/07/2026
71.000

MOVEMENT
+4.23%

TERM
3 Year

10/07/2026
62.875

17/07/2026
63.580

MOVEMENT
+1.11%
SUMMARY

Prices extended their upward trajectory for the majority of the week amid persistent supply concerns and escalating geopolitical tensions.

The ongoing conflict between the US and Iran remains a key focus for markets, with both sides exchanging strikes over the last few days with the US reportedly striking targets including an oil tanker bound for Iran’s Kharg Island, while Iran launched drone attacks targeting US military bases in Bahrain, Jordan, and Kuwait.

The escalation continues to heighten supply concerns, particularly regarding shipping through the Strait of Hormuz. Although the waterway remains open, vessel movements are currently restricted to routes approved by Iranian authorities.

On the power front, baseload prices mirrored the gains seen in the gas market, likely also supported by the ongoing US/Iran conflict.

In addition, a sharp decline in renewable generation perhaps reinforced the bullish sentiment with wind-output falling during the week which subsequently increased the use of gas for power generation.

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 17/07/2025 to 17/07/2026

Overall the average price of Electricity has gone DOWN by 6.90%
Overall the average price of Gas has gone DOWN by 4.02%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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