Utility SwopShop Weekly Market Insights Week Ending 17th July

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Utility SwopShop Weekly Market Insights Week Ending 17th July

Week ending: 17/07/2026

Gas

Ongoing geopolitical risks were weighed against comfortable market fundamentals on Thursday, leaving UK gas prices largely unchanged. The NBP spot contract edged 0.3% lower to 131.80 p/therm, as traders assessed whether current price levels would continue to provide technical support. Further along the curve, the Winter 2026 contract gained 0.4% to 133.86 p/therm, supported by supply uncertainties, recent heatwave-driven demand, and increased competition from Asia for LNG cargoes.

Power

Higher renewable generation weighed on UK electricity prices on Thursday. An increase of around 1.83 GW in wind output, combined with robust solar generation, reduced the need for thermal power, pushing the spot contract down by 6.3% to 124.67 GBP/MWh.

Further along the curve, the UK Winter 2026 power contract edged 0.3% lower to 115.29 GBP/MWh, tracking weaker carbon prices.

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