Electricity and Gas Price Trends – 21st February 2025 to 28th 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
21/02/2025
91.34
28/02/2025
89.85
MOVEMENT
-1.66%
TERM
2 Year
21/02/2025
83.65
28/02/2025
82.64
MOVEMENT
-1.22%

TERM
3 Year

21/02/2025
78.33

28/02/2025
78.10

MOVEMENT
-0.29%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

21/02/2025
114.475

28/02/2025
109.339

MOVEMENT
-4.70%

TERM
2 Year

21/02/2025
103.666

28/02/2025
99.600

MOVEMENT
-4.08%

TERM
3 Year

21/02/2025
95.648

28/02/2025
92.707

MOVEMENT
-3.17%
SUMMARY

Prices dropped significantly in the first part of the week only for them to rebound on Thursday amid gas shortage levels.

Elevated gas-fired power demand and a bullish wider energy complex may have contributed to steep gains of almost 9p/therm (0.31p/kWh) posted on the soon to be April 25 front-month contract on Thursday afternoon.

On Thursday, according to data from National Grid wind power accounted for 20% of generation which meant that gas-fired plants had to cover a relatively high 46% of the power mix and resulted in the British system being under supplied.

With that said, healthy European LNG imports have and should continue to serve as a price ceiling for gas prices.

According to the latest shipping signals, we can expect up to 9 vessels to arrive at British terminals over the next two weeks, with wider European spot prices remaining attractive when compared to other LNG reliant regions such as East Asia. A steady stream of LNG cargoes will be key to helping Europe re-stock its below-average storage levels over the next few months.

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 28/02/2024 to 28/02/2025

Overall the average price of Electricity has gone UP by 21.79%
Overall the average price of Gas has gone UP by 30.77%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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