Electricity and Gas Price Trends – 22nd May 2026 to 29th 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
22/05/2026
85.667
29/05/2026
87.083
MOVEMENT
+1.63%
TERM
2 Year
22/05/2026
64.910
29/05/2026
65.950
MOVEMENT
+1.58%

TERM
3 Year

22/05/2026
61.350

29/05/2026
60.950

MOVEMENT
-0.66%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

22/05/2026
98.000

29/05/2026
96.000

MOVEMENT
-2.08%

TERM
2 Year

22/05/2026
67.750

29/05/2026
70.250

MOVEMENT
+3.56%

TERM
3 Year

22/05/2026
63.775

29/05/2026
64.290

MOVEMENT
+0.80%
SUMMARY

The NBP saw a slight upward correction for the majority of the week set against the backdrop of tentative peace talks taking place between the US and Iran.

The US and Iran have reportedly agreed a framework for a 60-day ceasefire extension, though this is still without final approval from the US President and Iranian leadership.

Crucially, mention in the draft proposals (and of primary concern for energy markets) is the potential lifting of restrictions for shipping via the Strait of Hormuz and the clearing of Iranian mines.

Comfortable generation margins limited movement across baseload power contracts on Thursday as renewable sources (wind, solar, hydro, biomass) met a combined 59.7% of demand on Thursday, limiting the reliance on gas fired generation which only had to contribute 15.2%.

Mixed movements across the wider energy complex are likely to have nullified the influence as the carbon market in particular rose 1.8% over the same period.

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 29/05/2025 to 29/05/2026

Overall the average price of Electricity has gone DOWN by 11.87%
Overall the average price of Gas has gone DOWN by 14.78%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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