Electricity and Gas Price Trends – 28th August 2026 to 4th September 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
28/08/2026
108.667
04/09/2026
114.417
MOVEMENT
+5.03%
TERM
2 Year
28/08/2026
71.940
04/09/2026
74.055
MOVEMENT
+2.86%

TERM
3 Year

28/08/2026
63.830

04/09/2026
65.270

MOVEMENT
+2.21%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

28/08/2026
129.500

04/09/2026
137.417

MOVEMENT
+5.76%

TERM
2 Year

28/08/2026
77.625

04/09/2026
82.250

MOVEMENT
+5.62%

TERM
3 Year

28/08/2026
67.815

04/09/2026
70.670

MOVEMENT
+4.04%
SUMMARY

NBP prices cooled off on Thursday in what was likely more of a technical/profit-taking move, with demand and geopolitical fundamentals largely unchanged from price increases throughout the week.

Elevated levels of planned maintenance in Europe’s largest supplier, Norway, are tightening regional supplies and countering much of the benefit of the unseasonably low demand we are currently seeing in short-term forecasts.

Overall Norwegian exports to the rest of Europe have fallen by 16.5% amidst major works at the Kollsnes and Nyhamna gas processing facilities, as well as the Ormen Lange and Sleipner fields, hampering efforts to reinforce continental storage stocks ahead of winter. On the storage front, data from GIE suggests EU facilities are around 65.7% full, 12.5% lower than the same period last year.

The US and Iran continued to exchange missile and drone fire in the week with US Central Command carrying out targeted strikes on Iranian radar, defence and mine-laying infrastructure on Tuesday and Wednesday. Iran responded in a similar manner to the day before, striking US military installations within the borders of gulf allies.

Stronger renewable generation for the majority of the week helped calm intraday volatility for baseload power prices, but soaring risk premiums across the wider energy complex continues to serve as the primary price driver.

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 04/09/2025 to 04/09/2026

Overall the average price of Electricity has gone UP by 9.18%
Overall the average price of Gas has gone UP by 16.71%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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