Utility SwopShop Weekly Market Insights Week Ending 2nd May

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Utility SwopShop Weekly Market Insights Week Ending 2nd May

Week ending: 02/05/2025

Gas

British near-term gas prices fell on Thursday, with the NBP spot slipping 0.6% to 75.65 p/therm as increased LNG availability, driven by weaker Asian demand, boosted storage injections.

Further out, the Win-25 contract eased by 0.5% to 87.60 p/therm amid continued bearish market conditions.

Power

The UK spot power price edged 0.7% higher at 75.82 GBP/MWh on Thursday, driven by weaker wind and solar output along with reduced nuclear availability. Meanwhile, the UK Winter 2025 contract slipped 0.7% to 79.63 GBP/MWh, following the downward trend in gas 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