Business Energy Broker
Utility SwopShop Weekly Market Insights Week Ending 6th February
Gas
British gas prices moved higher on Thursday. The NBP spot contract rose by 3.5% to 85.80 p/therm, supported by stronger gas-for-power demand amid lower renewable output. Further along the curve, the Summer 2026 contract advanced by 1.3% to 73.39 p/therm, supported by revised temperature forecasts prolonging the mid-February cold spell and ongoing concerns over tightening supply, as European storage levels edged down towards 39%.
Power
In the power market, UK spot prices surged by nearly 7% to 86.91 GBP/MWh, amid reduced renewable generation. In contrast, the Summer 2026 contract declined by 1% to just above 72 GBP/MWh, as plunging carbon prices weighed on the forward markets.
Disclaimer
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