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Utility SwopShop Weekly Market Insights Week Ending 3rd October
Gas
The British spot gas price dropped by 10% to 67.83 p/therm on Thursday, pressured by strong Norwegian flows that outweighed the impact of a 27 mcm/day unplanned outage at the Troll field.
On the forward curve, the Summer 2026 delivery contract rose by 0.2% to 76.53 p/therm, supported by persistent concerns over geopolitically driven supply risks, while muted Asian demand helped cap further gains.
Power
The UK spot power price tumbled by 30% to 52 GBP/MWh on Thursday, weighed down by a jump in wind generation and the restart of the 595 MW Hartlepool 1 reactor.
On the forward market, the UK Summer 2026 power contract rose by 0.6% to 71.94 GBP/MWh, following gains in gas and carbon prices.
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The contents of this webpage, such as text, graphics, images, and other material contained on the Utility SwopShop Ltd Site (“Content”) are for informational purposes only and are designed to provide market information based on market information available from energy suppliers in the UK. The Content is not intended to be a substitute for energy market professional advice and does not provide contract pricing for the delivered price of energy but does provide an indicator of the current wholesale commodity elements of the delivered price