Electricity and Gas Price Trends – 24th July 2026 to 31st July 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
24/07/2026
101.417
31/07/2026
97.333
MOVEMENT
-4.20%
TERM
2 Year
24/07/2026
70.315
31/07/2026
68.950
MOVEMENT
-1.98%

TERM
3 Year

24/07/2026
63.520

31/07/2026
62.250

MOVEMENT
-2.04%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

24/07/2026
116.583

31/07/2026
109.833

MOVEMENT
-6.15%

TERM
2 Year

24/07/2026
73.500

31/07/2026
72.000

MOVEMENT
-2.08%

TERM
3 Year

24/07/2026
65.695

31/07/2026
66.840

MOVEMENT
+1.71%
SUMMARY

The week was dominated by heavy strikes being exchanged between the US and Iran.

On Wednesday, several ballistic missiles were intercepted by Jordanian and US air defence systems and no infrastructure was damaged. Tensions escalated further in the later part of the week as the US launched a two-hour wave of heavy airstrikes against Iranian military installations, launch sites, and radar infrastructure.

Several wildfires continue to burn across pockets of the continent as a result of consecutive summer heatwaves, this includes a 150-hectare fire in Suffolk, just 3km from the Sizewell B nuclear plant.

UK power prices also continued to trade largely sideways on Thursday, struggling to find much support for a bullish or bearish breakout amid market wide uncertainty.

Gas-fired power continued to serve as the single largest source of generation in the national grid for most of the week, at an average of 8.4GW (27.3% of total demand) with wind output lagging behind at 5.6GW (18.2%).

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 31/07/2025 to 31/07/2026

Overall the average price of Electricity has gone DOWN by 4.73%
Overall the average price of Gas has gone DOWN by 4.88%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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