Electricity and Gas Price Trends – 1st May 2026 to 8th 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
01/05/2026
84.833
08/05/2026
83.167
MOVEMENT
-2.00%
TERM
2 Year
01/05/2026
66.845
08/05/2026
65.565
MOVEMENT
-1.95%

TERM
3 Year

01/05/2026
63.440

08/05/2026
61.100

MOVEMENT
-3.83%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

01/05/2026
96.833

08/05/2026
93.667

MOVEMENT
-3.38%

TERM
2 Year

01/05/2026
67.750

08/05/2026
68.75

MOVEMENT
+1.45%

TERM
3 Year

01/05/2026
63.395

08/05/2026
64.095

MOVEMENT
+1.09%
SUMMARY

The NBP resumed its downward trajectory for most of the week but corrected upwards on Friday, with pricing seemingly catching its breath amid news of unplanned gas supply outages.

Supply side disruption from Europe’s largest pipeline supplier, Norway, prompted a more cautious trading environment in the later part of the week. According to data from operator Gassco, the Troll field saw an unplanned loss of 21.9mcm/d due to a compressor failure.

Alongside LNG imports, Norwegian supply will play a crucial role in adequately refilling continental storage facilities this summer.

Power contracts also saw cautious losses in line with the wider energy complex, as increased optimism for the Iran conflict was weighed against a pattern of ceasefire breaches and an uncertain timeline for the implementation of measures to support safe shipping via the Strait of Hormuz.

From a generation perspective, wind continued to outturn at lower levels for the week, reinforcing gas-fired power demand, which has served as the largest source of power in Great Britain, bringing more volatility into prompt pricing.

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 08/05/2025 to 08/05/2026

Overall the average price of Electricity has gone DOWN by 11.46%
Overall the average price of Gas has gone DOWN by 12.59%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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