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Utility SwopShop Weekly Market Insights Week Ending 9th January
Gas
UK gas prices fell on Thursday, with the NBP spot declining 4.8% to 73.50 p/therm. The UK secured its first LNG cargo for February 2026, boosting supply prospects and relieving near-term storage concerns. On the forward curve, the Summer 2026 delivery contract dropped 3% to 63.35 p/therm, as geopolitical risk premiums eased after reports that President Zelenskiy is seeking a meeting with Donald Trump to discuss disputes over territory and nuclear assets.
Power
The UK day-ahead power price plunged more than 29% to 83.50 GBP/MWh, driven by higher wind generation across the country. Further along the curve, the Summer 2026 contract dropped by 2% to close at 69.23 GBP/MWh, following weaker gas market trends.
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