Electricity and Gas Price Trends – 3rd January 2025 to 10th January 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
03/01/2025
95.31
10/01/2025
87.88
MOVEMENT
-8.45%
TERM
2 Year
03/01/2025
87.70
10/01/2025
82.43
MOVEMENT
-6.39%

TERM
3 Year

03/01/2025
82.48

10/01/2025
78.44

MOVEMENT
-5.15%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

03/01/2025
119.557

10/01/2025
111.272

MOVEMENT
-7.45%

TERM
2 Year

03/01/2025
109.947

10/01/2025
104.364

MOVEMENT
-5.35%

TERM
3 Year

03/01/2025
99.287

10/01/2025
95.36

MOVEMENT
-4.12%
SUMMARY

Wholesale prices have dropped this week as we have seen stronger supplies from Norway combine with increasing continental imports to help cap potential rises.

According to data from Gassco, Norwegian flow nominations into the Easington and St Fergus terminals saw an increase of 12% towards the back end of the week amid the conclusion of unplanned maintenance at the Kårstø processing facility.

At the same time, an increase in supplies from the Dutch and Belgian interconnectors also helped to fend off additional demand from the ongoing cold snap.

Low winds forecast for Friday will keep the British system extremely tight due to high gas-fired power demand.

At time of writing (Friday at 11am), wind power is accounting for only 6.5% of the power generation mix, with gas contributing around 53% (data from National Grid).

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 10/01/2024 to 10/01/2025

Overall the average price of Electricity has gone UP by 7.70%
Overall the average price of Gas has gone UP by 20.32%
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 14 110 22 28 44 58 31 51 36 60 46 65 70 79 81

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