Electricity and Gas Price Trends – 16th May 2025 to 22nd May 2025


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
16/05/2025
80.59
22/05/2025
84.33
MOVEMENT
+4.43%
TERM
2 Year
16/05/2025
77.58
22/05/2025
80.79
MOVEMENT
+3.97%

TERM
3 Year

16/05/2025
75.12

22/05/2025
77.53

MOVEMENT
+3.11%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

16/05/2025
89.598

22/05/2025
92.988

MOVEMENT
+3.65%

TERM
2 Year

16/05/2025
86.755

22/05/2025
89.415

MOVEMENT
2.97%

TERM
3 Year

16/05/2025
82.968

22/05/2025
84.822

MOVEMENT
+2.19%
SUMMARY

Prices increased this week but still traded within a narrow range as low demand and good Solar output helped limit the upside from gas supply issues from Norway into the UK.

Unseasonably low system demand has likely shielded the UK market from further increases for most of the week. The latest run of the Crown Gas and Power 14-day model indicates that demand will average just below seasonal norms until at least the 5th June 2025.

With that said, the UK’s role as a net exporter to European neighbours over the past few days has meant that storage injections have been minimal.

The latest NESO generation forecast shows that wind is expected to pick up over the bank holiday weekend, and with Solar output expected to drop as it gets more cloudy, this will help suppress demand for gasfired power generation.

In other news, the Ofgem price cap for domestic consumers will fall from £1,849 to £1,720, effective 1st July. This represents a 7% decrease and a saving of £129 on a typical UK households’ yearly gas and electricity bills.

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 22/05/2024 to 22/05/2025

Overall the average price of Electricity has gone DOWN by 1.69%
Overall the average price of Gas has gone DOWN by 2.13%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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