Electricity and Gas Price Trends – 25th April 2025 to 2nd May 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
25/04/2025
78.58
02/05/2025
76.18
MOVEMENT
-3.15%
TERM
2 Year
25/04/2025
75.37
02/05/2025
73.83
MOVEMENT
-2.09%

TERM
3 Year

25/04/2025
72.83

02/05/2025
71.97

MOVEMENT
-1.19%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

25/04/2025
86.834

02/05/2025
82.575

MOVEMENT
-5.16%

TERM
2 Year

25/04/2025
83.550

02/05/2025
80.632

MOVEMENT
-3.62%

TERM
3 Year

25/04/2025
80.274

02/05/2025
78.280

MOVEMENT
-2.55%
SUMMARY

Prices eased across European gas hubs during the past week as low demand and Germany signalling a relaxation of its gas storage rules helped ease pressure.

As Europe struggles to fill its gas storages before the winter months, news that Germany had ruled to lower the country’s target from 90% to 80% by 1st November will help and with more countries expected to follow suit this could cap pipeline exports from the UK to mainland Europe.

With the next phase of maintenance in Norway ramping up Saturday 3rd May, any further potential reductions could be capped as the UK relies heavily on imported gas from Norway, especially with the lack of wind generation and the countries reliance on gas for power during this period.

In other news, US Vice-President JD Vance said in a Fox News interview that he believes the war in Ukraine is “not going to end any time soon” adding that “it’s going to be up to [Russia and Ukraine] to come to an agreement and stop this brutal, brutal conflict“.

These comments came just one day after the US and Ukraine signed a historical natural resources deal meant to bolster US support for Ukraine, an agreement that Ukrainian President Volodymyr Zelensky described as ‘truly equal’.

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 02/05/2024 to 02/05/2025

Overall the average price of Electricity has gone UP by 1.42%
Overall the average price of Gas has gone DOWN by 0.34%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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