Gas prices increase ahead of US and Ukraine talks

NBP gas prices resumed their upward trajectory at the NBP on Monday ahead of US-Ukraine talks.

The market continued to rebound from last week’s year-to-date lows, with both the Summer 25 and Winter 25 key contracts closing just above the 100p/therm psychological level amid geopolitical uncertainty.

Talks are ongoing this morning between Ukrainian and US diplomats in Jeddah, along Saudi Arabia’s west coast. President Zelensky met with Crown Prince Mohammed bin Salman earlier today, but neither the Ukrainian leader nor his US counterpart, President Trump, are expected to attend the latest negotiations.

Markets have been eagerly awaiting the outcome of today’s talks due to their implications for a potential ceasefire and subsequent peace deal between Russia and Ukraine.

The NBP has opened firm this morning, with the Summer 25 front-season contract currently being offered at a slight premium of approximately 2p/therm (0.07p/kWh) when compared to its previous settlement at the time of writing.

If you want to see more information on the wholesale market trends subscribe to our weekly report here.

Price commentary courtesy of Crown Gas and Power Power report courtesy of Crown Gas and Power

Back to the Latest News

Questions
Your Questions
Why switch?
Why switch with us?
How do I begin the switch?
The Switch Process
All About Us
Useful Links
Energy Saving Tips
Latest Price Trends
Latest News
Best Practice Guides
Renewal Reminder
Termination Notices
Trustpilot Reviews
What is the Energy Bills Relief Scheme?
What is the Energy Bills Discount Scheme?

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.

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.