6th March 2025 Energy Price Alert – UK Gas & UK Electricity
Wholesale Gas and Electricity prices dropped further on Wednesday.
As can be seen from the table below; there is still significant benefit in having contracts starting later in any given year, hence TPG’s suggestion to always move to 30th September contract end dates where possible.
TPG expect further downward movement in the market in the months ahead.
Gas: Prices fell during yesterday’s trading with weather fundamentals playing a significant role in price direction. This morning, during early trading, prices have lifted slightly on last nights close.
Power: Power prices shed value yesterday, shadowing movements in NBP contracts. For the remainder of this week, we’re likely to see less reliance on gas for power generation, with strong renewable output and warmer temperatures forecast.
Oil: Prices fell yesterday. OPEC+ continued with its decision to increase production output pressured prices, with worries that the market will be oversupplied. The impact of US tariffs brought further downside, with the USD also falling on the back of economic concerns.
Carbon (EU ETS): The ICE Dec-25 closed at €68.79/t last night. The contract is currently trading at €68.43/t this morning.
Carbon (UKAs): The ICE Dec-25 closed relatively flat to the previous session yesterday at £39.64/t. The contract is trading slightly down today, currently, at £39.45/t.
