Electricity and Gas Price Trends – 2nd October 2026 to 16th October 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
02/10/2026
107.500
16/10/2026
127.000
MOVEMENT
+15.35%
TERM
2 Year
02/10/2026
76.750
16/10/2026
83.250
MOVEMENT
+7.81%

TERM
3 Year

02/10/2026
71.315

06/10/2026
76.615

MOVEMENT
+6.92%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

02/10/2026
129.750

16/10/2026
160.000

MOVEMENT
+18.91%

TERM
2 Year

02/10/2026
82.417

16/10/2026
91.750

MOVEMENT
+10.17%

TERM
3 Year

02/10/2026
73.943

16/10/2026
78.405

MOVEMENT
+5.69%
SUMMARY

NBP prices continued to push higher during the period amid continued geopolitical instability in the Middle East.

The Houthi–Saudi conflict remained a key driver; the Saudi-led coalition reported last Wednesday that it had intercepted a Houthi ballistic missile aimed at Riyadh, while the group claimed attacks on Saudi Aramco facilities in Dhahran and Riyadh amid the coalition’s ongoing air campaign in Yemen.

Threats to Gulf energy infrastructure and limited Hormuz LNG flows kept a considerable risk premium priced into longer-dated contracts.

Baseload power prices also posted modest gains, tracking gas higher as a fading wind profile during the period lifted gas-for-power burn.

French nuclear unavailability is set to reach around 19 GW next week, including an extended 3 GW outage at Chooz, while UK nuclear output remains reduced at Heysham 1, Heysham 2 and Hartlepool.

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 16/10/2025 to 16/10/2026

Overall the average price of Electricity has gone UP by 22.37%
Overall the average price of Gas has gone UP by 29.12%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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