Utility SwopShop Weekly Market Insights Week Ending 16th May

  1. Utility SwopShop
  2. Weekly Market Insights
  3. Utility SwopShop Weekly Market Insights Week Ending 16th May

Utility SwopShop Weekly Market Insights Week Ending 16th May

Week ending: 16/05/2025

Gas

The British spot gas price rose by 2.5% on Thursday to 81 p/therm, supported by reduced Norwegian supply nominations.

On the forward curve, the Winter 2025 delivery contract added 0.4% to 94.40 p/therm, as optimism around the upcoming Russia-Ukraine peace talks faded due to the absence of both the Russian and U.S. presidents, diminishing hopes for a major breakthrough.

Power

The UK spot electricity price fell by 4.5% on Thursday to 75.27 GBP/MWh, driven by milder weather forecasts. Meanwhile, on the forward curve, the UK Winter 2025 contract edged 0.4% higher at 84.35 GBP/MWh, following gains in gas and carbon 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