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20/12/2021 - Weekly Wholesale Market Update

Increases across both Gas and Electric wholesale markets this week


Gas: Most NBP gas contracts closed higher on Friday, despite a sell off within the European carbon market as falling storage inventory levels raised concerns and applied upward pressure across the curve. This morning, NBP gas contracts have opened higher with demand increasing as wind generation falls and stronger trading within the carbon markets.

Power: Near curve UK power contract prices softened on Friday as updated weather forecast models indicated that temperatures would be closer to normal, while longer dated contracts strengthened, mirroring the gains within the NBP gas market. UK power contracts have tracked the price movements within the NBP gas market, as wind generation remains weak and trading within the European carbon market strengthens.


Today, the Electric wholesale prices have opened up 28.68% HIGHER than this time last week with Gas INCREASING by 51.90%



How the market has opened each day:


Date Electric (£/MWh) Gas (p/therm)

13/12/2021 260.10 291.10

14/12/2021 271.10 320.10

15/12/2021 375.10 327.60

16/12/2021 390.10 355.10

17/12/2021 410.10 344.08

20/12/2021 395.10 374.60


7 day averages


Electric (£ per MWh) 350.27

Gas (pence per therm) 335.43


The below shows how the market compares to the previous week, month and year.






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