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Utility SwopShop Weekly Market Insights Week Ending 27th June
Gas
British gas prices declined on Thursday as tensions in the Middle East subsided and Israel’s Karish and Leviathan gas fields moved closer to ramping up exports. As a result, the NBP spot price fell by 5%, closing at 78.55 p/therm. Further along the forward curve, the Winter 2025 delivery contract dropped by more than 3%, ending the session at 93.10 p/therm.
Power
In the British power market, the spot price tumbled by 16% to 61.09 GBP/MWh, driven by a surge in renewable generation. Meanwhile, tracking the downward movement in gas prices, the UK Winter 2025 delivery contract slipped by 2%, closing at 84.64 GBP/MWh.
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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