Electricity and Gas Price Trends – 7th August 2026 to 14th August 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
07/08/2026
94.500
14/08/2026
98.833
MOVEMENT
+4.38%
TERM
2 Year
07/08/2026
68.125
14/08/2026
68.900
MOVEMENT
+1.12%

TERM
3 Year

07/08/2026
63.250

14/08/2026
63.410

MOVEMENT
+0.25%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

07/08/2026
107.583

14/08/2026
114.083

MOVEMENT
+5.70%

TERM
2 Year

07/08/2026
72.000

14/08/2026
73.625

MOVEMENT
+2.21%

TERM
3 Year

07/08/2026
66.435

14/08/2026
67.450

MOVEMENT
+1.50%
SUMMARY

Overall prices increased this past week split between geopolitical uncertainty, specifically the progress of US-Iran peace talks and mounting issues around gas storage levels.

Europe’s fifth heatwave of the year and falling wind output is driving up gas-fired power demand, effectively diverting critical volumes away from storage facilities.

As a direct result, EU storage sits at just 59.3% capacity, which is 13% below the same time last year according to the latest Gas Infrastructure Europe data.

On the power side, according to data from Elexon, wind generation across Monday-Thursday averaged at a rate of just 4.4GW, almost half the output measured over the same days last week (8.4GW).

This prompted gas-fired (CCGT) demand to increase by around 43% over the same period, putting additional strain on supplies amidst the regional heatwave and further complicating efforts to refill continental storage to a safer level.

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 14/08/2025 to 14/08/2026

Overall the average price of Electricity has gone UP by 0.50%
Overall the average price of Gas has gone UP by 3.25%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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