Utility SwopShop Weekly Market Insights Week Ending 23th May

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  3. Utility SwopShop Weekly Market Insights Week Ending 23th May

Utility SwopShop Weekly Market Insights Week Ending 23th May

Week ending: 23/05/2025

Gas

British near-term gas prices fell on Thursday, with the NBP spot dropping by 4% to 85.80 p/therm as Norwegian gas flows recovered following a sharp decline due to scheduled maintenance.

Further along the curve, the Winter 2025 contract slipped by 0.9% to 96.29 p/therm. The restart of key facilities eased supply concerns and gave confidence to traders who had been wary of extended unplanned outages potentially disrupting storage refilling efforts ahead of the winter.

Power

The UK spot electricity price climbed by 4%, reaching 88.58 GBP/MWh on Thursday amid further expected drop in wind output, with solar supply also declining. In contrast, the Winter 2025 electricity price decreased by 1.5%, settling at 87.38 GBP/MWh, moving in tandem with bearish 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