Gas and power prices have risen sharply this month, driven by supply risks, low storage and weaker wind output. Winter 2026 remains elevated, while later years sit lower on the curve, making timing and strategy essential for buyers.
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UK gas and electricity prices have fallen slightly today, but they remain much higher than they were a month ago.
UK gas is trading at around 144 pence per therm, while electricity for next month is approximately £120 to £125 per MWh.
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Many organisations are unaware that a TM44 assessment is a legal requirement for any building with an air conditioning cooling capacity exceeding 12 kW. In practice, this threshold is surprisingly low.
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Energy costs remain volatile heading into winter, and MHHS will soon change how schools’ electricity usage is recorded. A quick contract and meter review now can help schools and MATs stay ahead of both challenges.
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Forward prices continue to point towards lower gas and electricity costs beyond 2027, offering potential long‑term budget stability. For public sector organisations, early planning could help reduce exposure to future volatility.
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Wholesale gas and electricity markets have continued to be unsettled this week, with forward prices still reflecting a high level of uncertainty across Europe. Forward‑curve graphs for gas, peak power and baseload power show that the market remains in backwardation – meaning prices for near‑term delivery are higher than those further out.
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Energy regulation is shifting fast, with fixed charges and half‑hourly settlement reshaping how business electricity costs are calculated. Organisations that don’t reassess their energy estate now risk avoidable cost increases and missed savings opportunities.
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Energy prices are beginning to ease following recent ceasefire developments, although geopolitical uncertainty continues to support the market. Shifting supply routes and policy changes are also shaping the outlook.
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Energy prices surged yesterday following major disruption to Qatar’s LNG infrastructure and escalating tensions in the Middle East, raising fresh concerns over global supply and market stability.
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Electric market prices had been steadily declining but spiked late last week due to Iran’s military drills, raising concerns over potential disruption to LNG and oil flows through the Strait of Hormuz.
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Colder than expected weather, revised forecasts and rising geopolitical tensions shaped January’s energy market, but strong supply levels and steady LNG imports have helped temper volatility as Europe moves through the winter season.
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Energy markets have begun to shift as colder weather sets in, with electricity prices rising and gas storage levels declining. LNG imports continue to provide stability, but increased demand and emerging geopolitical tensions are adding upward pressure to the outlook.
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Markets have eased over the past month, supported by strong supply fundamentals and healthy storage levels. Warmer temperatures and increased wind generation are helping to stabilise conditions, while LNG arrivals continue to strengthen the outlook.
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Castle Water, a supplier on the National Public Sector Water Supply & Services Framework, has shared indicative water tariff changes for April 2026. Increases range from 3% to 30% depending on customer type and region.
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Prices have held steady in recent weeks, but recent forecasts of reduced wind generation have unsettled the markets. While supply, demand, and storage fundamentals remain positive, colder temperatures expected next week are likely to drive demand higher.
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A TM44 assessment is a mandatory inspection of a building's air conditioning (AC) system, which is undertaken every five years by an accredited assessor for systems with an effective rated output of more than 12 kW.
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Prices have remained fairly stable over the last couple of weeks with no significant movements in either direction.
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After a relatively stagnant week for energy prices, the market has opened this week with a more bullish tone. Attention is now turning to key fundamentals including incoming supply, demand levels, storage capacity and temperature forecasts, as traders begin to assess the risks heading into winter.
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Energy prices fell to a three-month low amid optimism over US-led Russia/Ukraine talks.
New UK and Russian sanctions caused a slight price rise.
Supply and storage remain strong, with EU gas storage near 75% and wind generation set to increase.
After the events of the last week, we have now seen much risk premium removed from price levels. Despite Israel claiming that an Iranian missile hit them after the ceasefire started, and intended to retaliate, markets held their nerve in the anticipation the ceasefire would hold – and so far it appears to have done that.