Utility SwopShop Weekly Market Insights Week Ending 27th March

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Utility SwopShop Weekly Market Insights Week Ending 27th March

Week ending: 27/03/2026

Gas

Ongoing Middle East tensions lifted British gas prices on Thursday after Iran rejected a US-backed peace proposal, heightening concerns over potential LNG supply disruptions through the Strait of Hormuz. The NBP spot contract rose by 5.4% to 136.70 p/therm, while the Summer 2026 contract increased by 4.6% to 137.77 p/therm.

Power

The UK spot power price surged by 16% to 113.50 GBP/MWh on Thursday, driven by forecasts of colder weather and weaker renewable generation.

Along the forward curve, the UK Summer 2026 contract increased by 3.6% to 102.73 GBP/MWh, tracking firmer 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