UK WHOLESALE GAS & ELECTRICITY
UK wholesale energy prices.
Your next contract, in context.
Follow the prices behind business energy quotes. Understand what’s changing, then look at the periods that matter to your renewal.
What does this mean for my renewal? →Already on a fixed rate? A wholesale move does not automatically change your agreed rate.
Summer 2027
Energy delivered 1 April 2027 – 30 September 2027
Gas and electricity are higher over the past week.
What’s behind the movement? ↓Wholesale benchmarks, not the unit rates on your bill.
01 / UNDERSTAND TODAY’S PRICES
The latest prices.
In context.
Choose gas or electricity, then when it will be delivered. See the latest price, recent movement and historical context together.
GAS / SUMMER 2027
Highest we've recorded (since 5 January 2026)
Each point follows the same delivery contract. Missing dates are left unfilled.
The UK Summer 2027 gas benchmark was 175.89 p/therm at settlement on , as reported in the SEFE daily report dated . Delivery: 1 April 2027 to 30 September 2027.
The UK Summer 2027 baseload electricity benchmark was 132.76 £/MWh at settlement on , as reported in the SEFE daily report dated . Delivery: 1 April 2027 to 30 September 2027.
Example date shown. Enter yours to see the markets for a 12-month renewal.
YOUR NEXT 12 MONTHS OF SUPPLY
1 Apr 2027 – 31 Mar 2028
A quote today is influenced by prices for energy delivered during these dates. Choose a period to see how its wholesale benchmark has moved.
GAS / SUMMER 2027
Higher over the past 30 days.
Same delivery benchmark throughout. Missing prices are not filled in.
Relevant to 1 Apr 2027 to 30 Sept 2027 of your next contract. Full benchmark delivery: 1 Apr 2027 to 30 Sept 2027.
Based on a 12-month renewal starting immediately after your current contract ends. Prices for longer contracts may differ because they cover different delivery periods. When we prepare your quote, we’ll present all available contract lengths and pricing options.
Monitor these markets ↓Report 26 Oct 2026 · Prices settled 23 Oct 2026 · Wholesale benchmarks provide market context, not a supplier quote.
Behind the prices
What’s moving
the market?
See what is pushing prices down and what is pushing them up. Explore the influences in the latest briefing below.
Pushing prices up
6 influencesPersian Gulf LNG flows severely reduced Gas +
LNG flows from the Persian Gulf are still running around 80% below pre-war levels because blockades in the Strait of Hormuz are continuing. The source names physical supply risk as one reason gas prices are rising.
Regional conflict widens Gas +
The regional conflict spread over the weekend when the Houthis targeted King Khalid International Airport in Riyadh. The source says geopolitics is adding to the European gas rally.
Unplanned Norwegian outages tighten prompt supply Gas +
Unplanned outages at Norway's Troll (13 mcm/d) and Åsgard fields have cut Dutch border flows to 11 mcm/d, tightening prompt physical supply.
Storage lags and draws start early Gas +
Total EU gas storage is at 74.62% of capacity (846.4 TWh). Germany is behind at 61.48% and is set to miss its 70% target for 1 November, the Netherlands is at 65.24% and the UK at 40.15%. Withdrawals started early, between 19 and 21 October.
Forward power follows gas higher Electricity +
Forward power curves rose with gas on Friday. German November 26 baseload rose €9.30 to €206.90/MWh, French November gained €10.75 to a record €190.75/MWh, and UK November rose £5.75 to £180.25/MWh.
Ringhals 3 maintenance extended Electricity +
Maintenance at Sweden's Ringhals 3 nuclear unit has been extended by a week.
Southern Norwegian hydro reserves are at multi-decade lows of 52.9%. This has pushed November import rights on the North Sea Link up to €36.25/MWh.
Pushing prices down
0 influencesNo downward influences listed for this fuel in this briefing.
Mixed influences
3 influencesBrief mid-week warmth to curb heating demand Gas Forecast +
A short spell of warmer weather mid-week should cut space-heating demand for a while.
Colder weather is expected to return into November after the brief warm spell.
Storm winds crash weekend spot Electricity +
Weekend spot power prices crashed as Atlantic low-pressure systems brought storm-force winds. German Day-Ahead cleared at €30.12/MWh, France at €48.76/MWh and UK N2EX at £31.14/MWh.
A strengthening high-pressure ridge from Thursday is expected to bring still, low-wind conditions. German wind output is forecast to fall by more than 50% into Week 45, to around 15.6 GW, well below normal for the season.
French November nuclear unavailability raised Electricity +
Expected French nuclear unavailability for November was revised up to 14.1 GW, adding to the nuclear shortfalls that are constraining supply margins.
Better flows on the Meuse river have brought forward the return of both 1.5 GW units at Chooz to late October.
9 influences shown for both fuels. Upward influences appear first.
Counts describe the influences listed, not their relative strength. Forecasts may change, and these influences do not predict your next supplier quote.
What about my renewal? →FREE / PERSONALISED RENEWAL MONITORING
Keep tabs on the market.
Keep your inbox quiet.
Choose the rises and falls you want to hear about for the markets relevant to your renewal. We’ll email when a target is reached, with context to help you decide what to do next.
Your dates. Your targets. No daily market emails.
Free to join · No bill or letter of authority needed · No obligation to buy
For contract dates within the next 18 months. We review your request and confirm when monitoring starts.
A SIMPLE EXAMPLE
Illustrative only“Email me if the market
falls by 5%.”
- 01
The market falls by 2% Your target hasn’t been reached.No market alert
- 02
The market falls by 5% Your chosen target is reached.An alert with context
See an example alert
ILLUSTRATIVE EMAIL / SMART ENERGY
Your 5% fall target has been reached
Hello,
The wholesale market relevant to your renewal has reached the 5% fall target you chose.
Want to see what that could mean for your next contract? We can check supplier prices for your dates and talk you through the options. You can request prices or keep monitoring.
The Smart Energy team
A wholesale fall does not mean your supplier quote will fall by the same percentage. Reached targets do not reset automatically.
A simplified example, not live market data. Nothing is saved or sent.
Market alerts are sent only when your selected targets are reached. You’ll also receive a welcome confirmation and a final notice when monitoring closes. Targets may not be reached, and monitoring cannot guarantee the lowest price.
EXPLORE THE DATA
The detail behind
the daily picture.
Compare delivery periods, follow a contract over time or check the exact figures.
PRICE HISTORY
Historical prices
Compare delivery contracts, choose dates and inspect exact prices.
+
Historical prices
Compare delivery contracts, choose dates and inspect exact prices.
HISTORICAL CONTRACT PRICES
Explore a delivery contract over time.
Explore monthly, quarterly, seasonal and annual contracts with price history starting 05/01/2026. Each line follows one named contract.
The change above is for the main delivery period, between the first and last available prices in your chosen view. It is not the difference between the two lines or a change in your business bill.
Record for Sum-27: 20/07/2026–26/10/2026. Contracts enter and leave the source at different times. Missing dates are not filled with invented prices. Chart colours identify contracts; red/green figures show price direction.
View exact historical prices
Newest dates first · 10 dates per page. The chart uses the full selected range.
| Report date | Sum-27 |
|---|---|
| 26/10/2026 | 175.89 |
| 23/10/2026 | 170.95 |
| 22/10/2026 | 168.43 |
| 21/10/2026 | 161.68 |
| 20/10/2026 | 166.48 |
| 19/10/2026 | 164.30 |
| 16/10/2026 | 161.52 |
| 15/10/2026 | 159.70 |
| 14/10/2026 | 157.21 |
| 13/10/2026 | 152.19 |
FORWARD PRICES
Forward prices
Monthly, quarterly, seasonal and calendar-year gas and electricity benchmarks.
+
Forward prices
Monthly, quarterly, seasonal and calendar-year gas and electricity benchmarks.
All delivery periods.
Wholesale settlement benchmarks, not business tariffs.
| Contract | Price | Day | Week | 30 days |
|---|---|---|---|---|
|
Has risen for 3 consecutive settlements. |
230.84 | ↑ +3.99% | ↑ +6.67% | ↑ +21.04% |
|
Has risen for 3 consecutive settlements. |
233.73 | ↑ +4.13% | ↑ +6.41% | ↑ +21.30% |
|
Has risen for 3 consecutive settlements. |
234.98 | ↑ +4.04% | ↑ +6.16% | — |
|
Has risen for 3 consecutive settlements. |
229.90 | ↑ +3.97% | ↑ +5.95% | ↑ +21.88% |
|
Has risen for 3 consecutive settlements. |
182.70 | ↑ +3.15% | ↑ +6.91% | ↑ +29.75% |
|
Has risen for 3 consecutive settlements. |
169.16 | ↑ +2.63% | ↑ +7.21% | — |
|
Has risen for 3 consecutive settlements. |
175.89 | ↑ +2.89% | ↑ +7.05% | ↑ +30.56% |
|
Has risen for 3 consecutive settlements. |
167.19 | ↑ +2.71% | ↑ +7.17% | ↑ +28.68% |
|
Has risen for 3 consecutive settlements. |
103.53 | ↑ +1.67% | ↑ +6.51% | ↑ +22.41% |
|
Has risen for 3 consecutive settlements. |
107.55 | ↑ +1.26% | ↑ +5.57% | — |
|
Has risen for 3 consecutive settlements. |
187.58 | ↑ +3.17% | ↑ +6.77% | ↑ +27.55% |
|
Has risen for 3 consecutive settlements. |
119.60 | ↑ +1.95% | ↑ +6.54% | ↑ +23.16% |
|
Has risen for 3 consecutive settlements. |
88.27 | ↑ +0.95% | ↑ +4.31% | ↑ +12.52% |
| Contract | Price | Day | Week | 30 days |
|---|---|---|---|---|
|
Has risen for 3 consecutive settlements. |
180.49 | ↑ +3.53% | ↑ +6.67% | ↑ +16.77% |
|
Has risen for 3 consecutive settlements. |
179.38 | ↑ +3.98% | ↑ +5.71% | ↑ +18.00% |
|
Has risen for 3 consecutive settlements. |
193.98 | ↑ +3.40% | ↑ +5.43% | — |
|
Has risen for 3 consecutive settlements. |
183.97 | ↑ +3.40% | ↑ +4.81% | ↑ +19.85% |
|
Has risen for 3 consecutive settlements. |
137.76 | ↑ +2.67% | ↑ +4.36% | ↑ +25.56% |
|
Rose at the latest settlement. |
127.81 | ↑ +1.69% | ↑ +4.10% | — |
|
Rose at the latest settlement. |
132.76 | ↑ +2.19% | ↑ +4.24% | ↑ +24.60% |
|
Has risen for 3 consecutive settlements. |
132.14 | ↑ +1.90% | ↑ +4.62% | ↑ +22.83% |
|
Has risen for 3 consecutive settlements. |
84.42 | ↑ +1.77% | ↑ +4.64% | — |
|
Has risen for 3 consecutive settlements. |
144.40 | ↑ +2.15% | ↑ +4.16% | ↑ +21.45% |
|
Has risen for 3 consecutive settlements. |
98.80 | ↑ +2.21% | ↑ +5.02% | ↑ +18.96% |
|
Has risen for 3 consecutive settlements. |
79.45 | ↑ +1.86% | ↑ +2.21% | ↑ +9.31% |
A FEW USEFUL ANSWERS
Your questions.
Answered.
Wholesale benchmarks help explain the direction. Your own supply, dates and contract determine what you actually pay.
Sources & calculation methods +
Price source: SEFE Energy Daily Energy Report. Interpretation: Smart Energy Company.
- Latest report
- 26 October 2026
- Prices settled
- 23 October 2026
- Archive
- 201 dated reports since 5 January 2026
Daily: versus the previous settlement. Weekly: versus the settlement a week earlier. 30 days: versus the most recent recorded price on or before the date 30 calendar days earlier, no more than five days before that target. Otherwise the comparison is unavailable.
Historical highs and lows are shown only after at least 20 recorded prices for the named delivery contract, from its stated record start. They are not all-time market records. Coverage varies; missing prices are not invented.
A chart’s change compares the first and last prices in the selected range. This can differ from the 30-day comparison. Runs count consecutive settlements, not calendar days, for both rises and falls. A flat or opposite movement ends the run. Missing prices are not invented. A run does not predict the next movement.
Read the published daily report ↗Are these the prices my business will pay?
No. These are wholesale delivery benchmarks. Your supplier quote also reflects your usage profile, network and other charges, standing charges, contract terms and applicable taxes. A wholesale percentage change is not a forecast of the change in your bill.
What do the delivery periods mean?
A monthly contract covers its named month. A calendar-year contract covers January to December of that year. Summer generally covers April to September; winter runs from October to March of the following year. They are different energy purchases, so their prices can differ.
Should I renew now or keep watching?
There is no guaranteed lowest-price date. Consider your deadline, budget, risk tolerance and actual supplier offers. Use the contract-date view above for market context, and leave enough time to arrange your next agreement.
Why are the report and settlement dates different?
The report is dated 26 October 2026 and uses settlement prices from 23 October 2026. A report can follow the previous trading session, including across a weekend. These are the latest available report figures, not live intraday prices.
YOUR BUSINESS / YOUR NEXT STEP
Your next contract.
A clearer decision.
You’ve seen the wider picture. Let’s look at what it means for your business — with supplier prices based on your usage, contract dates and supply.
Let’s put your options
on the table.
Upload a recent bill or answer a few questions. A named adviser will explain the price, timing and terms.
Get my business energy quotes ↗ Prefer a conversation? 0151 459 3388
