Electricity and Gas Price Trends – 15th May 2026 to 22nd May 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
15/05/2026
85.500
22/05/2026
85.667
MOVEMENT
+0.19%
TERM
2 Year
15/05/2026
67.145
22/05/2026
64.91
MOVEMENT
-3.44%

TERM
3 Year

15/05/2026
63.410

22/05/2026
61.350

MOVEMENT
-3.36%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

15/05/2026
98.167

22/05/2026
98.000

MOVEMENT
-0.17%

TERM
2 Year

15/05/2026
69.000

22/05/2026
67.750

MOVEMENT
-1.85%

TERM
3 Year

15/05/2026
64.085

22/05/2026
63.775

MOVEMENT
-0.49%
SUMMARY

Market movement appeared to be driven largely by technicalities on Friday, with the US-Iran deadlock continuing to serve as a major source of underlying price support and wider market risk premium.

Fortunately, falling system demand amid unseasonably high temperatures, alongside easing Norwegian production constraints helped reduce short term price pressure ahead of the bank holiday and they continue to exert downward pressure this morning.

Forecasts of warm and sunny conditions over the bank holiday helped to steady the near-curve.

During heatwaves, UK power demand does not typically spike to the same extent as is seen in mainland Europe due to the far less prevalent utilisation of cooling tech such as air conditioning.

This, alongside strong solar generation that was comparable to wind and gas, placed the British grid in a comfortable position over the bank holiday weekend.

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 22/05/2025 to 22/05/2026

Overall the average price of Electricity has gone DOWN by 14.50%
Overall the average price of Gas has gone DOWN by 16.43%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

Back to Price Trends

Our Supplier Panel

The Energy Advice Line is the UK's leading online price comparison and switching service dedicated to small and medium sized businesses in the UK.

Our online quotation engine has been designed to facilitate speedy but accurate commercial electricity and gas prices – all at the click of a button to allow you to search the market for the lowest prices from an extensive panel of suppliers and contract options.

1 5 16 17 13 71 110 22 28 111 44 58 31 51 36 60 46 65 79 81 113

Customers Love Us !

Say 'No' to cold calling on business energy

Unfortunately, business electricity and business gas customers in the UK are bombarded with unsolicited cold calls on a daily basis.

This unscrupulous approach does not offer the business energy customer an impartial view on the market and the price offered is more often 20-30% above the current retail price for electricity or gas.

At Energy Advice Line we strongly advise customers to not accept these offers and follow our simple steps to ensure that they are not locked into an uncompetitive contract.

Join our cold calling campaign here, and spread the word to say 'no' to cold calling on business energy!

Say No To Cold Calling on Business Energy