Latest Market Update - October 2025

  • Prices have remained fairly stable over the last couple of weeks with no significant movements in either direction.

  • Fundamentals around supply, demand, and storage levels remain positive, keeping prices stable.

  • National Grid reports the strongest power margins in six years, citing improved battery storage and interconnector capacity. This provides a healthy winter buffer despite the risk of short-term tightness.

  • Storm Amy over the weekend has brought a lot of disruption but also a lot of wind generation, which has added to the power supply stack. Less wind generation for the rest of this week.

  • Temperatures are forecasted to be close to seasonal norms going forward.

  • EU gas storage level is at 83% full.

Electric 3-month market price

Gas 3-month market price

Sarah Dungar