Electricity and Gas Price Trends – 28th February 2025 to 7th 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
28/02/2025
89.85
07/03/2025
79.64
MOVEMENT
-12.82%
TERM
2 Year
28/02/2025
82.64
07/03/2025
74.51
MOVEMENT
-10.91%

TERM
3 Year

28/02/2025
78.10

07/03/2025
71.40

MOVEMENT
-9.38%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

28/02/2025
109.339

07/03/2025
92.872

MOVEMENT
-17.73%

TERM
2 Year

28/02/2025
99.600

07/03/2025
87.771

MOVEMENT
-13.48%

TERM
3 Year

28/02/2025
92.707

07/03/2025
83.309

MOVEMENT
-11.28%
SUMMARY

Prices collapsed to multi-month lows at the NBP on Thursday, helped by hoped of further Ukrainian peace talks and speculation about the potential impacts of US tariffs.

Market participants did not anticipate a potential boost to supply with news that the European Union will delay the release of its long-anticipated plans to phase out all Russian energy imports amid rumours that the US is considering the restart of Ukrainian gas transit and Nord Stream 2 flows as part of negotiations with Russia.

With the prospect of increased tariffs on imports from Europe into the US, key EU industries have raised concerns about the bloc’s economic growth potential. However, a downturn in production will have a positive affect on the amount of gas required to meet the lower demand.

In other news, after the talks fell apart between Trump and Zelensky on 28th February, the US and Ukraine have confirmed that delegations from the two countries will meet in Saudi Arabia next week.

They plan to revisit a hypothetical peace deal with Russia, which invaded Ukraine in February 2022.

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 07/03/2024 to 07/03/2025

Overall the average price of Electricity has gone UP by 7.34%
Overall the average price of Gas has gone UP by 15.32%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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