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A woman is pointing at a lightning bolt on a purple background.
by Thomas McGlynn 30 April 2026
Get the latest UK gas and electricity wholesale prices. Updated daily with power market insights, price trends, and tips to help your business stay ahead.
Headline: Iran Crisis impact on UK business energy, featuring a man gesturing.
by Thomas McGlynn 29 April 2026
Day 54. Ceasefire extension holding but settlement climbed a third day — gas +4%, power +1%. UK nuclear delays, weak wind, vessel seizures support prices.
Weekly energy market update infographic showing gas at 106.69 p/therm and power at 86.77/MWh
by Thomas McGlynn 27 April 2026
Week 17. Gas up 9.7% as Middle East ceasefire collapses — but still 20% below 30 days ago. Get quotes if renewing in 2026.
Case study banner: “We Turned an £84,963 EDF Bill Into a £2,158 One” with a smiling man and logo.
by Thomas McGlynn 22 April 2026
An EDF client faced an £84,963 bill based on years of estimated reads. We disputed it, invoked Ofgem's backbilling rules, and got it down to £2,158.
Weekly Energy Market Recap infographic with gas and power prices on teal panels and a cartoon man pointing at charts
by Thomas McGlynn 20 April 2026
Week 7. Gas down 11.5% on Trump talks hint — best week of the conflict. But weekend Hormuz reclosure and US vessel seizure reversed the optimism.
Smart Energy Company infographic showing gas at 106.69 p/therm and power at £86.77/MWh for 7th–10th April 2026.
by Thomas McGlynn 13 April 2026
Week 6. Ceasefire crashed gas 14% then prices bounced. No LNG through Hormuz. Gas down 9% on the week — then peace talks collapsed over the weekend.
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Weekly Market Updates 63 articles
A woman is pointing at a lightning bolt on a purple background.
by Thomas McGlynn 30 April 2026
Get the latest UK gas and electricity wholesale prices. Updated daily with power market insights, price trends, and tips to help your business stay ahead.
Weekly energy market update infographic showing gas at 106.69 p/therm and power at 86.77/MWh
by Thomas McGlynn 27 April 2026
Week 17. Gas up 9.7% as Middle East ceasefire collapses — but still 20% below 30 days ago. Get quotes if renewing in 2026.
Weekly Energy Market Recap infographic with gas and power prices on teal panels and a cartoon man pointing at charts
by Thomas McGlynn 20 April 2026
Week 7. Gas down 11.5% on Trump talks hint — best week of the conflict. But weekend Hormuz reclosure and US vessel seizure reversed the optimism.
Smart Energy Company infographic showing gas at 106.69 p/therm and power at £86.77/MWh for 7th–10th April 2026.
by Thomas McGlynn 13 April 2026
Week 6. Ceasefire crashed gas 14% then prices bounced. No LNG through Hormuz. Gas down 9% on the week — then peace talks collapsed over the weekend.
Smart Energy Company market recap infographic: Gas at 120.42 p/therm and Power at £102.73/MWh, both down 11–13% in 30 days.
by Thomas McGlynn 7 April 2026
Week 5. May-26 gas down 11% in 30 days — first real drop since the conflict. Power down 13%. Contracts rolled. What it means for your renewal.
Quarterly energy market review poster in purple and teal with a chart, titled
by Thomas McGlynn 1 April 2026
Q1 2026: gas doubled and power rose 40% after Operation Epic Fury reshaped global LNG supply. Full quarterly breakdown and Q2 outlook for UK businesses.
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Monthly Market Reviews 24 articles
A woman is pointing at a lightning bolt on a purple background.
by Thomas McGlynn 30 April 2026
Get the latest UK gas and electricity wholesale prices. Updated daily with power market insights, price trends, and tips to help your business stay ahead.
Headline: Iran Crisis impact on UK business energy, featuring a man gesturing.
by Thomas McGlynn 29 April 2026
Day 54. Ceasefire extension holding but settlement climbed a third day — gas +4%, power +1%. UK nuclear delays, weak wind, vessel seizures support prices.
Monthly Energy Market Recap for March 2026. Gas is 137.13 p/therm (+7%) and power average is £102.44/MWh (+4%).
by Thomas McGlynn 1 April 2026
March 2026 monthly review. Gas rose 79% as the Iran conflict closed Hormuz and damaged Qatar's LNG facilities. What happened, week by week, and what it means for you
Quarterly energy market review poster in purple and teal with a chart, titled
by Thomas McGlynn 1 April 2026
Q1 2026: gas doubled and power rose 40% after Operation Epic Fury reshaped global LNG supply. Full quarterly breakdown and Q2 outlook for UK businesses.
Energy market recap graphic. Gas price: 78.49p/therm. Electricity price: £71.12/MWh. Man with laptop points.
by Thomas McGlynn 2 March 2026
Gas fell 6.9% to 78.49p and power dropped 11.9% to £71.12 in February 2026. Mild weather outweighed US-Iran tensions. See the full month-by-month breakdown.
Monthly energy market recap graphic, January 2026. Includes gas and power price information, illustrated with a person pointing.
by Thomas McGlynn 2 February 2026
January 2026 saw UK energy prices surge as winter demand returned. Gas rose 22.6% and power climbed 10.1%. See what drove the market and what it means for businesses
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Out of Contract Rates 27 articles
TotalEnergies ad: worried man looking at a high energy bill; red and orange background.
by Thomas McGlynn 11 December 2025
Total Energies Out of Contract Rates. See what the current Standard Variable Tariff is with Total Energies.
SSE energy company graphic: Man stressed over a bill, orange backdrop, text about out-of-contract rates, November 2025 update.
by Thomas McGlynn 10 December 2025
Avoid high out-of-contract rates with SSE. See the latest Variable Business Rates and learn how to secure better deals in our blog.
Announcement about Drax's out-of-contract rates, November 2025. A concerned person looks at a bill.
by Thomas McGlynn 24 November 2025
Paying Drax’s out-of-contract rates? Discover what they cost, why they’re risky, and how to get a tailored fixed quote with Wattson in under 2 minutes.
A poster for dyce energy out of contract rates - june 2024 update
by Thomas McGlynn 24 November 2025
Find Out what Dyce Energy will Charge You When Your Contract Comes to an End. Out of Contract Rates
E.on Next ad about expiring energy contracts. A person looks worried at a bill, with arrows pointing up.
by Thomas McGlynn 21 November 2025
Learn about E.ON Next’s out-of-contract rates effective from October 2025 and how to avoid higher costs with a fixed-term deal.
An ad for crown gas and power shows a man talking on a phone
by Thomas McGlynn 20 November 2025
Crown Gas & Power Out of Contract Rates. See what you will be charged should you go Out of Contract with Crown.
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Supplier Updates 27 articles
Headline: Iran Crisis impact on UK business energy, featuring a man gesturing.
by Thomas McGlynn 29 April 2026
Day 54. Ceasefire extension holding but settlement climbed a third day — gas +4%, power +1%. UK nuclear delays, weak wind, vessel seizures support prices.
Case study banner: “We Turned an £84,963 EDF Bill Into a £2,158 One” with a smiling man and logo.
by Thomas McGlynn 22 April 2026
An EDF client faced an £84,963 bill based on years of estimated reads. We disputed it, invoked Ofgem's backbilling rules, and got it down to £2,158.
Ofgem appointed British Gas for Tomato Energy customers. Man reading newspaper, teal background.
by Thomas McGlynn 14 November 2025
Tomato Energy customers transferred to British Gas on expensive deemed rates. Learn why you're overpaying and how to switch to better fixed contracts today.
An illustration about Tomato Energy ceasing trading in November 2025. A man reads a newspaper, and a company logo is visible.
by Thomas McGlynn 6 November 2025
Tomato Energy has ceased trading. Discover why it failed, what it means for customers, and critical lessons about choosing stable energy suppliers.
News headline: Tomato Energy  administration after Ofgem confirms £1.5m penalty. Man reads newspaper. Teal background.
by Thomas McGlynn 15 October 2025
Tomato Energy faces administration after Ofgem’s £1.5m penalty for liquidity failings. Here’s what it means for affected business customers.
A man points to text:
by Thomas McGlynn 3 October 2025
Are cowboy brokers adding up to 2.5p/kWh in hidden uplifts? Learn how to spot unfair business energy contracts and protect your business.
Show More
Industry Updates 39 articles
Headline: Iran Crisis impact on UK business energy, featuring a man gesturing.
by Thomas McGlynn 29 April 2026
Day 54. Ceasefire extension holding but settlement climbed a third day — gas +4%, power +1%. UK nuclear delays, weak wind, vessel seizures support prices.
Case study banner: “We Turned an £84,963 EDF Bill Into a £2,158 One” with a smiling man and logo.
by Thomas McGlynn 22 April 2026
An EDF client faced an £84,963 bill based on years of estimated reads. We disputed it, invoked Ofgem's backbilling rules, and got it down to £2,158.
An infographic with a caricature of a man, promoting a 92% discount on Climate Change Levy, with a deadline of 17 April 2026.
by Thomas McGlynn 16 March 2026
Up to 92% off your Climate Change Levy with a CCA. New rates from April 2026. PP10 and PP11 forms must be submitted by 17 April. Here's how to claim.
Graphic: Man gesturing to text about the Autumn Budget 2025 and its impact on business energy costs.
by Thomas McGlynn 26 November 2025
Autumn Budget 2025 explained for businesses. Household levies cut, wholesale prices down 20%, but Nuclear RAB Levy and TNUoS increases still coming.
Promotional graphic: Ukraine peace talks in November 2025. Man gestures, text:
by Thomas McGlynn 25 November 2025
Ukraine peace talks create energy market uncertainty. Smart Energy Company analyses whether UK businesses should renew contracts now or wait for developments.
Show More
Iran Conflict — Market Impact Loading…
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Prices updated daily from wholesale markets. The conflict began 28 February 2026.

Special Report

Iran Conflict — What It Means for UK Business Energy

Our full analysis of the conflict's impact on UK wholesale gas and electricity markets — with daily updates, contract guidance, and renewal timing advice.

  • Why Hormuz closure matters for UK gas prices
  • How long elevated prices could persist
  • What businesses renewing now should do
  • Updated every trading day
Read the full conflict analysis

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Frequently Asked Questions

Everything you need to know about our market insights, energy blogs, and how to use them for better decisions

Our daily updates cover UK gas and electricity wholesale prices, market trends, and what's driving price movements. You'll get real wholesale data, forward contract pricing, and plain English analysis — no jargon. We also highlight key events affecting the market (weather, outages, demand shifts) and give you actionable guidance on timing your renewals.

Armed with real market data, you can approach supplier quotes with confidence. You'll know if wholesale prices are high or low, spot when suppliers are overcharging, and time your renewals strategically. When you understand market cycles, you can push back on unfair pricing and negotiate with leverage. We also highlight windows of opportunity when it's the right time to lock in rates.

Daily updates give you the latest prices and quick market movements. Weekly reports step back and show trends — where the market is heading over 5–7 days. Monthly analysis covers bigger patterns, seasonal factors, and strategic implications for the quarter ahead. Use daily for tactical decisions, weekly for trend spotting, and monthly for long-term planning.

Our renewal timing guidance shows you when market conditions are favourable and when to avoid locking in. We track forward contract prices for months ahead, seasonal patterns, and regulatory changes. Our insights help you avoid renewing at market peaks and identify windows when prices are more competitive. The goal is to renew at the right moment — not just any moment.

Out-of-contract (or "deemed") rates are what suppliers charge when your fixed contract ends and you haven't renewed. These rates are typically 30–50% higher than negotiated contracts — sometimes much more. Our out-of-contract rate tracking shows you what you'd pay on default terms, giving you urgent motivation to renew before expiry. This is one of the biggest cost traps for businesses.

Our industry changes section covers updates like the Nuclear RAB Levy, TNUoS standing charges, Network Charges, and other regulatory impacts. These can significantly affect your bills — sometimes overnight. We explain what's changing, when it takes effect, and how much it might cost you. Armed with this information, you can factor costs into renewal decisions and avoid nasty surprises.

We track news on supplier stability, market exits, strategy changes, and service issues. If a supplier is facing problems or exiting the market, that affects your renewal options and timing. We also highlight when suppliers are actively competing in your segment, giving you leverage to negotiate. Knowing the supplier landscape helps you make smarter switching decisions.

If you're actively considering a renewal, check daily or weekly reports to spot trends. If your renewal isn't imminent, monthly analysis is plenty. Most businesses benefit from signing up for our email alerts — you'll get summaries delivered without needing to check the site. This way you stay informed without spending time tracking markets manually.

Yes. All our market insights, daily updates, and blog content are completely free. We publish them because we believe businesses deserve transparency about energy markets. When you're armed with good information, you make better decisions — and that benefits everyone. We do offer personalised guidance through our brokerage service if you'd like professional support with your contract.

Absolutely. Sign up for our market insights emails and you'll get daily or weekly summaries delivered to your inbox. You choose the frequency and topics. Most businesses find this is the best way to stay on top of market movements without it feeling like a chore.

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