Electricity and Gas Price Trends – 21st November 2025 to 28th November 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
21/11/2025
75.100
28/11/2025
72.650
MOVEMENT
-3.37%
TERM
2 Year
21/11/2025
70.600
22/11/2025
69.350
MOVEMENT
-1.80%

TERM
3 Year

21/11/2025
69.375

28/11/2025
68.350

MOVEMENT
-1.50%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

21/11/2025
76.075

28/11/2025
72.500

MOVEMENT
-4.93%

TERM
2 Year

21/11/2025
71.625

28/11/2025
68.375

MOVEMENT
-4.75%

TERM
3 Year

21/11/2025
66.905

28/11/2025
64.690

MOVEMENT
-3.42%
SUMMARY

Prices continued to fall for the majority of the week, posting reductions in every session.

Renewed peace negotiations regarding the Russian-Ukrainian war continued to serve as a key source of the reductions as risk premiums subside.

Russian diplomats are expected to host US Envoy Steve Witkoff at the Kremlin next week, presumably with the intent of reviewing the plan and gaining further momentum as the initial Thanksgiving dealine has now passed.

No unplanned works were reported at UK or Norwegian gas fields towards the end of the week and a steady stream of LNG cargoes from the US also continued to help reduce the volatile near-curve prices.

A strong uptick in wind generation helped recuduce gas for power demand. According to data from Elexon, wind output averaged at a rate of 20.2GW on Thursday, an increase of 67% when compared to the previous day and accounted for 53.5% of total generation.

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 28/11/2024 to 28/11/2025

Overall the average price of Electricity has gone DOWN by 17.99%
Overall the average price of Gas has gone DOWN by 48.88%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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