Utility SwopShop Weekly Market Insights Week Ending 27th February

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Utility SwopShop Weekly Market Insights Week Ending 27th February

Week ending: 27/02/2026

Gas

The British spot gas price soared by 4.7% to 76.80 p/therm on Thursday on expectations of marginally cooler weather, although temperatures are still forecast to remain above seasonal averages.

Further out on the curve, the Summer 2026 contract gained almost 4% to 76.71 p/therm amid concerns about falling storage levels, with stocks in the European Union at 30.3%, over 15 percentage points below the previous month and the lowest level since April 2022.

Power

UK spot electricity price jumped by 6.4% to 73.95 GBP/MWh on Thursday following a steep decline in wind generation, which is projected to drop below typical seasonal levels. On the forward curve, the UK Summer 2026 power contract increased by 2% to 69.35 GBP/MWh, tracking gains in gas 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