Business Energy Broker
Utility SwopShop Weekly Market Insights Week Ending 24th July
Gas
The NBP spot contract slipped by 0.8% to 149.25 p/therm on Thursday as concerns over a major LNG supply disruption eased, with analysts expecting only limited impacts from a potential shipping blockade in the Bab el-Mandeb Strait.
Further along the curve, the Winter 2026 contract declined by 0.5% to 149.93 p/therm, although ongoing Middle East tensions and low European gas storage levels continued to provide underlying support to prices.
Power
The UK spot electricity price declined by 2% to 129.75 GBP/MWh, pressured by stronger wind output and improved renewable generation forecasts.
Further along the curve, the UK Winter 2026 power contract edged down by 0.4% to 126.91 GBP/MWh, tracking weaker gas and 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