Electricity and Gas Price Trends – 7th February 2025 to 14th 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
07/02/2025
103.93
14/02/2025
100.65
MOVEMENT
-3.26%
TERM
2 Year
07/02/2025
94.50
14/02/2025
90.87
MOVEMENT
-3.99%

TERM
3 Year

07/02/2025
87.27

14/02/2025
84.15

MOVEMENT
-3.71%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

07/02/2025
129.759

14/02/2025
124.23

MOVEMENT
-4.45%

TERM
2 Year

07/02/2025
116.89

14/02/2025
111.427

MOVEMENT
-4.90%

TERM
3 Year

07/02/2025
106.391

14/02/2025
101.589

MOVEMENT
-4.73%
SUMMARY

Prices were up for the early part of the week but plummeted on Thursday following news of Trump-Putin peace talks concerning the war in Ukraine.

Hopes for a Russia-Ukraine ceasefire in the short to near-term, along with doubts surrounding the renewal of EU storage targets likely triggered a sell-off of risk built up over the past few weeks.

Wednesday’s phone call between Trump and Putin exerted sustained downward pressure at the front end, with later-dated contracts also posting sizeable reductions. Ukrainian President Volodymyr Zelenskyy and several European leaders voiced disapproval over Ukraine’s exclusion from the conversation, prompting the White House to clarify that Ukraine will be included in potential peace negotiations.

Also on Thursday, EU member states met at a forum in Brussels, focusing on the upcoming renewal of the blocs gas storage mandate. Several member states including Germany, France, Czechia and the Netherlands expressed concerns and called on amendments to the existing rules.

These recommendations will be passed onto the European Commission while it considers an extension of the mandated target of 90% by 1st November.

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 14/02/2024 to 14/02/2025

Overall the average price of Electricity has gone UP by 28.19%
Overall the average price of Gas has gone UP by 37.12%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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