18th March 2026 Energy Price Alert – UK Gas & UK Electricity
The wholesale gas and electricity market volatility continues, due to geo-political issues. The retail market has not been affected too drastically at the moment, however this does have the power to change.
The below prices are to be treated as close comparisons only, as we are unable to reflect live changes at this time.
Gas: Gas prices continued to rise yesterday. Gains in the oil market, combined with doubts of European storage being able to be refilled by the winter without market intervention, have been increasing the risk premiums in the curve.
Power: Power prices rose yesterday, shadowing the gas market despite bearish carbon influence. Heysham 2 has had its unplanned full capacity outage extended by three weeks. The nuclear reactor is expected to be operating near full capacity by 21 April.
Oil: Oil prices settled up by 3% yesterday, as renewed Iranian attacks on the UAE heightened a worsening outlook for global supplies if there’s no quick resolution to the war, which has entered its third week.
Carbon (EUAs): The ICE Dec-26 fell to €66.65/t last night. The contract opened this morning at €66.79/t.
Carbon (UKAs): The ICE Dec-26 ended trading at £37.11 yesterday. It opened this morning at £37.85/t.
