Electricity and Gas Price Trends – 14th February 2025 to 21st February 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
14/02/2025
100.65
21/02/2025
91.34
MOVEMENT
-10.19%
TERM
2 Year
14/02/2025
90.87
21/02/2025
83.65
MOVEMENT
-8.63%

TERM
3 Year

14/02/2025
84.15

21/02/2025
78.33

MOVEMENT
-7.43%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

14/02/2025
124.23

21/02/2025
114.475

MOVEMENT
-8.52%

TERM
2 Year

14/02/2025
111.427

21/02/2025
103.666

MOVEMENT
-7.49%

TERM
3 Year

14/02/2025
101.589

21/02/2025
95.648

MOVEMENT
-6.21%
SUMMARY

Prices eased for second consecutive week as warm weather and electricity generation from renewable sources helped ease the pressure on depleted gas storage levels.

On Thursday, data from National Grid showed a significant 244% increase in wind-for-power generation compared to the previous gas day. This surge reduced reliance on CCGT (closed cycle gas turbine) offtake, which saw a 40% decrease over the same period.

However, the increased wind output also contributed to a bullish sentiment, as strong headwinds at the Port of Milford Haven threatened to delay the offloading of incoming LNG vessels, raising some supply concerns.

Low demand and mild temperatures helped ease the pressure with the latest 14-day demand forecast model indicating that temperatures are expected to remain above seasonal norms and as high as 11°C in the later part of this week.

A positive LNG supply outlook may have also helped, with the latest
shipping signals suggesting that up to seven laden vessels could berth on British shores before the end of February.

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 21/02/2024 to 21/02/2025

Overall the average price of Electricity has gone UP by 24.34%
Overall the average price of Gas has gone UP by 34.54%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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