Business Energy Broker
Utility SwopShop Weekly Market Insights Week Ending 29th May
Gas
The NBP spot contract rose by 0.8% to 111.90 p/therm, after renewed US–Iran hostilities dampened expectations of a peace agreement. However, Axios later reported that the two sides had reached a deal, pending final approval from US President Donald Trump.
Further along the curve, the Winter 2026 contract also gained 0.8% to 116.53 p/therm, supported by Europe’s continued reliance on LNG to replenish storage, with inventories still just under 39% full.
Power
The UK spot power price edged down 0.6% to 102.42 GBP/MWh on Thursday, as wind and solar generation came in stronger than seasonal norms.
Further along the forward curve, the UK Winter 2026 contract gained 1.3% to 102.06 GBP/MWh, supported by firmer gas and carbon prices.
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