Electricity and Gas Price Trends – 14th March 2025 to 21st March 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
14/03/2025
84.64
21/03/2025
88.67
MOVEMENT
+4.54%
TERM
2 Year
14/03/2025
78.82
21/03/2025
81.93
MOVEMENT
+3.80%

TERM
3 Year

14/03/2025
75.08

21/03/2025
77.31

MOVEMENT
+2.88%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

14/03/2025
99.414

21/03/2025
105.05

MOVEMENT
+5.37%

TERM
2 Year

14/03/2025
90.813

21/03/2025
95.267

MOVEMENT
+4.68%

TERM
3 Year

14/03/2025
85.373

21/03/2025
88.386

MOVEMENT
+3.41%
SUMMARY

Prices were up again this past week driven by lower wind output and developments in the Ukraine war.

On Wednesday, according to data from National Grid, wind turbine generation fell sharply from 7.5GW on Tuesday to just 1.6GW. This prompted a sharp increase in gas-fired (CCGT) power demand, which nearly doubled over the same period, making up 48.1% of the British power mix and depleting already low storage levels.

The highly volatile talks regarding a ceasefire/peace deal for Russia and Ukraine remained a key contributor to market volatility.

Despite apparent progress following the Trump-Putin call on Tuesday, in which Russia purportedly agreed to a 30-day partial ceasefire, drone strikes were reportedly exchanged between the two sides, including Russian strikes on energy infrastructure. This contradicts President Putin’s earlier assertion that energy infrastructure would not be targeted with immediate effect as part of a verbal agreement with President Trump.

It remains unclear how this latest round of strikes will affect progress in the coming days and weeks, as the US, Ukraine, UK & EU, and Russia pursue differing solutions for a lasting peace in Eastern Europe.

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 21/03/2024 to 21/03/2025

Overall the average price of Electricity has gone UP by 14.61%
Overall the average price of Gas has gone UP by 21.34%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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