Electricity and Gas Price Trends – 2nd July 2026 to 10th 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
02/07/2026
83.583
10/07/2026
87.850
MOVEMENT
+4.86%
TERM
2 Year
02/07/2026
65.735
10/07/2026
65.210
MOVEMENT
-0.81%

TERM
3 Year

02/07/2026
62.310

10/07/2026
60.320

MOVEMENT
-3.30%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

02/07/2026
89.250

10/07/2026
97.150

MOVEMENT
+8.13%

TERM
2 Year

02/07/2026
66.925

10/07/2026
68.000

MOVEMENT
+1.58%

TERM
3 Year

02/07/2026
62.315

10/07/2026
62.875

MOVEMENT
+0.89%
SUMMARY

Prices were up for the majority of the week, with gains posted for 3 consecutive days.

The return of active conflict across the Persian Gulf, alongside targeted strikes on infrastructure in Eastern Europe are serving as the primary reason for the increases, unnerving energy markets and erasing some of the confidence that was rebuilt over the past few weeks following the US-Iran ceasefire.

Ukraine has stepped up attacks on Russian energy assets, apparently striking 12 oil tankers on Wednesday, alongside frequent reports of Russian refineries being struck by drones. A compressor station of the Russia-Türkiye Blue Stream natural gas pipeline was also struck on Thursday, impacting the periphery of the European network and highlighting the persistent risks that the Russia-Ukraine war presents for energy security.

A steady decline in wind during the week has offered firm support to near-dated power prices, with a bullish wider energy complex increasing prices further out.

Wind averaged at a rate of just 2.3GW on Thursday, keeping gas power demand unseasonally elevated at 12.4GW and prompting intervention from NESO, Great Britain’s System Operator.

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 10/07/2025 to 10/07/2026

Overall the average price of Electricity has gone DOWN by 9.65%
Overall the average price of Gas has gone DOWN by 11.12%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

Back to Price Trends

Our Supplier Panel

The Energy Advice Line is the UK's leading online price comparison and switching service dedicated to small and medium sized businesses in the UK.

Our online quotation engine has been designed to facilitate speedy but accurate commercial electricity and gas prices – all at the click of a button to allow you to search the market for the lowest prices from an extensive panel of suppliers and contract options.

1 5 16 17 13 71 110 22 28 111 44 58 31 51 36 60 46 65 79 81 113

Customers Love Us !

Say 'No' to cold calling on business energy

Unfortunately, business electricity and business gas customers in the UK are bombarded with unsolicited cold calls on a daily basis.

This unscrupulous approach does not offer the business energy customer an impartial view on the market and the price offered is more often 20-30% above the current retail price for electricity or gas.

At Energy Advice Line we strongly advise customers to not accept these offers and follow our simple steps to ensure that they are not locked into an uncompetitive contract.

Join our cold calling campaign here, and spread the word to say 'no' to cold calling on business energy!

Say No To Cold Calling on Business Energy