Electricity and Gas Price Trends – 7th March 2025 to 14th 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
07/03/2025
79.64
14/03/2025
84.64
MOVEMENT
+5.91%
TERM
2 Year
07/03/2025
74.51
14/03/2025
78.82
MOVEMENT
+5.47%

TERM
3 Year

07/03/2025
71.40

14/03/2025
75.08

MOVEMENT
+4.90%
GAS WHOLESALE PRICE CHANGES (£/MWh)

TERM
1 Year

07/03/2025
92.872

14/03/2025
99.414

MOVEMENT
+6.58%

TERM
2 Year

07/03/2025
87.771

14/03/2025
90.813

MOVEMENT
+3.35%

TERM
3 Year

07/03/2025
83.309

14/03/2025
85.373

MOVEMENT
+2.42%
SUMMARY

It was a tale of two halves this week, with big increases in the early part of the week ahead of the US – Ukraine peace talks and decreases in the later part with much increased gas flows into the UK helping put a lid on the worries around the peace talks.

According to data from Norwegian operator Gassco, pipeline flow nominations into Britain’s Easington and St Fergus terminals have averaged a 14.4% increase this week compared to week 11, thanks in part to the conclusion of unplanned maintenance at the Åsgard field.

Much like the consistently high frequency of LNG deliveries across Europe we have seen of late, Norwegian imports meet a substantial proportion of both UK and EU gas demand.

It remains uncertain if a ceasefire agreement between Russia and Ukraine can be reached in the short term, with Putin expressing a willingness to negotiate following recent successful talks in Saudi Arabia.

However, he added that there were “issues that we need to discuss,” suggesting a counterproposal may soon be presented to the US administration.

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 14/03/2024 to 14/03/2025

Overall the average price of Electricity has gone UP by 16.63%
Overall the average price of Gas has gone UP by 23.76%
LATEST WHOLESALE ELECTRICITY PRICE MOVEMENT

Latest Electricity Wholesale Prices
LATEST WHOLESALE GAS PRICE MOVEMENT

Latest Wholesale Gas Prices

 

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