Electricity and Gas Price Trends – 21st March 2025 to 28th 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
21/03/2025
88.67
28/03/2025
86.15
MOVEMENT
-2.93%
TERM
2 Year
21/03/2025
81.93
28/03/2025
80.49
MOVEMENT
-1.79%

TERM
3 Year

21/03/2025
77.31

28/03/2025
76.08

MOVEMENT
-1.62%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

21/03/2025
105.05

28/03/2025
101.738

MOVEMENT
-3.26%

TERM
2 Year

21/03/2025
95.267

28/03/2025
93.601

MOVEMENT
-1.78%

TERM
3 Year

21/03/2025
88.386

28/03/2025
87.274

MOVEMENT
-1.27%
SUMMARY

Prices were down this week helped with a fall in demand, high wind conditions and news of a potential partial ceasefire in Ukraine.

Following separate talks between US and Russian officials, and Ukrainian officials on Sunday and Monday respectively, a partial ceasefire covering naval operations in the Black Sea and energy infrastructure has been agreed by both sides.

Although conflict in other areas is likely to continue, European gas hubs have undoubtedly breathed a sigh of relief as both sides have committed to avoiding energy infrastructure.

Warmer weather meant a gradual reduction in system demand over the week which contributed to the bearish sentiment. According to data from National Grid, wind output saw a substantial increase on Thursday’s gas day, rising by 67% compared to the previous day. This likely reduced reliance on combined cycle gas turbine (CCGT) offtake, which fell by 46% when compared to the same period.

Furthermore, the latest run of our 14-day model indicates that demand will average comfortably below seasonal norms until at least 9th April, which could support gas storage injections over the same period.

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 28/03/2024 to 28/03/2025

Overall the average price of Electricity has gone UP by 11.91%
Overall the average price of Gas has gone UP by 17.08%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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