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Utility SwopShop Weekly Market Insights Week Ending 30th May
Gas
British natural gas prices fell on Thursday, impacted by weaker LDZ offtake amid warmer weather. NBP spot price declined by more than 6%, reaching 82.60 p/therm. Likewise, on the forward curve, the Win-2025 gas price lost over 3%, settling at around 94 p/therm influenced by steady fundamentals and increased Norwegian supply due to easing maintenance.
Power
The UK spot electricity price rose by 8.5% to stand at 56.54 GBP/MWh amid a decrease in wind generation. On the forward curve, the Winter 2025 electricity price decreased by 2.6% to reach 85.16 GBP/MWh, following the downward movement in gas prices.
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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