Electricity and Gas Price Trends – 14th August 2026 to 21st 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
14/08/2026
98.833
21/08/2026
105.750
MOVEMENT
+6.54%
TERM
2 Year
14/08/2026
68.900
21/08/2026
72.475
MOVEMENT
+4.93%

TERM
3 Year

14/08/2026
63.410

21/08/2026
64.150

MOVEMENT
+1.15%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

14/08/2026
114.083

21/08/2026
125.333

MOVEMENT
+8.98%

TERM
2 Year

14/08/2026
73.625

21/08/2026
76.500

MOVEMENT
+3.76%

TERM
3 Year

14/08/2026
67.450

21/08/2026
67.885

MOVEMENT
+0.64%
SUMMARY

Prices have increased every day for the past week driven by ongoing geopolitical uncertainty and what this means to the current level of gas storage in the UK and Europe.

Winter 26 managed to break above another psychological threshold on Thursday, closing at 162.6p/therm (5.54p/kWh). The front-season is now holding at the highest levels since 2023 amidst an uncertain outlook heading into the last few weeks of summer.

From a storage perspective, EU underground facilities were 61.82% full as of Wednesday, this was 12.7% below the same date last year.

Several, record-breaking heatwaves over the past couple of months have redirected gas flows toward CCGT power plants due to heightened cooling demand in the continent and the stagnant, calm conditions brought about by high pressure ‘heat domes’ which have curbed British wind output and promoted higher gas demand.

Baseload power prices continued their upward trajectory as changeable weather and inconsistent renewable generation has been increasing balancing costs over the past few days.

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 21/08/2025 to 21/08/2026

Overall the average price of Electricity has gone UP by 6.42%
Overall the average price of Gas has gone UP by 10.25%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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