Electricity and Gas Price Trends – 9th May 2025 to 16th 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
09/05/2025
81.89
16/05/2025
80.59
MOVEMENT
-1.61%
TERM
2 Year
09/05/2025
78.89
16/05/2025
77.58
MOVEMENT
-1.69%

TERM
3 Year

09/05/2025
76.29

16/05/2025
75.12

MOVEMENT
-1.56%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

09/05/2025
90.397

16/05/2025
89.598

MOVEMENT
-0.89%

TERM
2 Year

09/05/2025
87.256

16/05/2025
86.755

MOVEMENT
-0.58%

TERM
3 Year

09/05/2025
83.520

16/05/2025
82.968

MOVEMENT
-0.67%
SUMMARY

Prices traded within a narrow range for the majority of the week as low demand on the back of warm weather helped Europe restock its gas storages.

Consistently mild weather across the continent since the beginning of April has seen EU storage levels increase by almost 10% (data from Gas Infrastructure Europe).

This was countered by the news on Thursday of dented optimism around the Russia-Ukraine peace talks. This followed confirmation that Russian President Putin would not be attending talks with his Ukrainian counterpart President Zelensky as some had hoped.

The absence of direct engagement between the two leaders was noted by market participants, potentially influencing sentiment regarding the outlook for negotiations.

In other news, as the US and China reduce their respective import tariffs to improve trading conditions, this reversal has the potential to stretch global supplies of gas over the crucial storage injection season as China can now re-enter the LNG bidding war.

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 16/05/2024 to 16/05/2025

Overall the average price of Electricity has gone UP by 1.96%
Overall the average price of Gas has gone UP by 2.26%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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