Utility SwopShop Weekly Market Insights Week Ending 06th March

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Utility SwopShop Weekly Market Insights Week Ending 06th March

Week ending: 06/03/2026

Gas

European gas prices rose on Thursday, supported by low inventory levels and growing geopolitical risks in the Middle East. The spot contract gained 2% to 128 p/therm, while the Summer-2026 delivery contract soared by 4.7% to roughly 117 p/therm as LNG demand strengthened ahead of Europe’s storage refill period.

Power

The UK spot power price increased by 2.3% to 119.63 GBP/MWh on Thursday, supported by lower wind generation and cooler temperatures. Along the forward curve, the Summer-2026 contract advanced 2.7% to 94.16 GBP/MWh, tracking stronger gas market performance.

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