Electricity and Gas Price Trends – 24th April 2026 to 1st 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
24/04/2026
82.750
01/05/2026
84.833
MOVEMENT
+2.46%
TERM
2 Year
24/04/2026
65.280
01/05/2026
66.845
MOVEMENT
+2.34%

TERM
3 Year

24/04/2026
62.480

01/05/2026
63.440

MOVEMENT
+1.51%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

24/04/2026
95.167

01/05/2026
96.833

MOVEMENT
+1.72%

TERM
2 Year

24/04/2026
68.625

01/05/2026
67.750

MOVEMENT
-1.29%

TERM
3 Year

24/04/2026
64.215

01/05/2026
63.395

MOVEMENT
-1.29%
SUMMARY

Prices at the NBP reacted as markets continue to assess a string of agitational comments from high-ranking Iranian and US officials regarding the conflict, which has now crossed the 2-month mark.

The ceasefire is still holding in a conventional sense though negotiations have stalled, and prospects have taken a hit based on this week’s rhetoric, all while the Strait of Hormuz continues to be heavily restricted for critical oil and gas cargoes destined for international markets.

An anonymous, high-ranking security source spoke on Iran’s state-run Press TV warning of “unprecedented action” should the US blockade continue.

This is set against a back drop of a busy Norwegian gas supply maintenance schedule with the UK expected to see restrictions over the next fortnight. The SAGE pipeline system in the North Sea will be unavailable on 6th May, removing supply at a rate 57mcm/d and the Bacton terminal will see the loss of 27.3mcm/d from 9th to 13th May.

On the power side, the UK generated 65.7% from renewable sources on Thursday with wind turbine output as the single largest source of power reaching 15.6GW (46.5%). This deeply supressed gas-fired power demand at just 1.9GW (5.8%) 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 01/05/2025 to 01/05/2026

Overall the average price of Electricity has gone DOWN by 3.78%
Overall the average price of Gas has gone DOWN by 6.41%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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