✅ At a Glance: What Happened in June?

June was a rollercoaster month for wholesale energy, with geopolitical tensions, heatwaves, and ceasefire headlines all contributing to wild swings — especially in power prices.

• ✅ Gas prices averaged 86.61 p/th – ⬆️ 4.9% from May

• ⚡ Electricity averaged £71.43/MWh – ⬇️ 8.15% from May

• 📉 Power hit extreme lows mid-month due to short-lived demand collapse

• 🔥 Gas markets soared mid-June following Israeli strikes on Iran

• 🛢️ Oil rose then dropped on conflict risk, with Brent peaking near $79



📌 Despite volatility, forward prices trended down overall, improving fixed contract opportunities.

📊 Monthly Recap Snapshot

June 2025 Recap

Average Gas: 86.61 p/th ⬆️
Average Power: £71.43 /MWh ⬇️

📉 Interpreting the Chart: Key Market Movements

Key Patterns:

• 📈 Mid-June Gas Spike: Prices surged following Israeli strikes on Iran’s infrastructure, raising fears over LNG disruption via the Strait of Hormuz.

• ⚠️ Electricity Volatility: Record lows hit on 23rd & 24th June due to weak demand and strong wind, skewing the monthly average.

• 💡 Late June Softening: Ceasefire announcements and resumed Norwegian flows eased prices lower to close the month.

📊 Price Comparison Table

🌍 What Drove the Market?

🔥 Geopolitics:

• Mid-June saw Israeli strikes on Iranian nuclear sites and a brief oil price surge as the U.S. signalled possible intervention.
• A ceasefire was later announced, but markets remained cautious, especially around LNG flows through the Strait of Hormuz.

☀️ Weather & Renewables:

• June was hotter than average, increasing cooling demand but failing to significantly lift prices.
• Strong wind output (especially late June) suppressed power prices — leading to record lows on 23rd & 24th June.

🏭 Supply & Storage:



• Norwegian maintenance disrupted gas flows early in the month but resumed by month-end.
• EU storage continued filling steadily, sitting near seasonal norms.

🔎 12-Month Market View: Are Prices Falling?

Summary:

• 🧊 Winter 24–25 Prices Dropped: Good for early fixers
• 📈 Gas prices briefly spiked mid-June on conflict risk
• ⚠️ Power volatility remains high — timing is critical for power fixers

💡 What This Means for Your Business

🔭 Looking Ahead to July

Here’s what we’re watching:

• 🌡️ Will cooling demand remain weak?

• 🇮🇱 Will Israel–Iran ceasefire hold or collapse again?

• 🔁 When will the second round of Norwegian maintenance hit?

• 🧊 Are storage levels on track for winter security?
  

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🏁 Final Thoughts

June delivered a volatile mix of headlines, drops, spikes, and sudden reversals. But the overall trend is more positive for energy buyers — particularly on long-term fixed deals.



✅ Fixing your rates during calmer spells like this can protect your business from renewed volatility later in the year.

📥 Ready to Review Your Options?



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