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Gas and power hit record highs this week as geopolitical tensions and storage deficits drive prices steadily higher. Near-term renewers face higher costs.
Gas and power both hit record highs this week. All contracts climbed; near-term prices are at their dearest. Renewing soon? The case for fixing now is stronger.
Week 27. Gas up 8.3% to 104.51p but down 9.2% over 30 days; power up 7.2% to £94.37 but down 4.6% over 30 days. Watch for Norwegian maintenance end on 8 July.
Week 26 energy update: gas down 18% in 30 days to 96.52p, power down 10% to £90.16/MWh. Middle East ceasefire and heatwave easing prices. Renew now if you're in next
Week 25: Gas fell 23.3% over 30 days to 96.69p, power down 12.2% to £91.46/MWh. US-Iran peace deal eased geopolitical risk, but Friday's talks delay brought caution