Electricity and Gas Price Trends – 21st August 2026 to 28th 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
21/08/2026
105.750
28/08/2026
108.667
MOVEMENT
+2.68%
TERM
2 Year
21/08/2026
72.475
28/08/2026
71.940
MOVEMENT
-0.74%

TERM
3 Year

21/08/2026
64.150

28/08/2026
63.830

MOVEMENT
-0.50%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

21/08/2026
125.333

28/08/2026
129.500

MOVEMENT
+3.22%

TERM
2 Year

21/08/2026
76.500

29/08/2026
77.625

MOVEMENT
+1.45%

TERM
3 Year

21/08/2026
67.885

28/08/2026
67.815

MOVEMENT
-0.10%
SUMMARY

A mixed bag on the wholesale market this past week driven again by ongoing geopolitical uncertainty around conflicting interpretations about the US-Iran war and the resulting supply disruptions which have plagued the global market this year.

This has heightened intra-day volatility, though the overall trajectory has been upward.

Friday morning opended firm once again, with the front-season now being offered circa 1.5p/therm (0.5p/kWh) higher.

The baseload power curve also experienced an upward correction on Thursday, with gains comparable to those on the natural gas market.

Wind power did fall off slightly from 9.8GW on Wednesday to 7.2GW, though it has averaged notably higher week-on-week. An increase in gas-fired generation and cross-border imports helped to steady the system, though both incurred higher intraday balancing costs..

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 28/08/2025 to 28/08/2026

Overall the average price of Electricity has gone UP by 6.56%
Overall the average price of Gas has gone UP by 12.05%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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