UK Energy Market: 9 Feb – 13 Feb 2026

GET_QUOTES Week 2 · 9 Feb – 13 Feb 2026

Energy prices fall 6% on milder forecasts

Prices dropped this week but cold weather's coming next week which could push them back up. Get quotes now while rates are lower - especially if you're renewing soon.

Gas Close

74.75p

↓ -6.3% this week

Power Close

£69.73

-7.5% this week

💡 The market expects prices to keep falling through 2026 and beyond, with 2027 contracts 25% cheaper than today.

📊 This Week vs Last Week

Gas

74.75p

Last week: 76.58p

-2.4%

Power

£69.73

Last week: £72.75

-4.2%

Both gas and power fell around 4-6% week-on-week as weather turned milder

Recent price trend (5 weeks of data)

🔍 What Moved the Market

📉

Milder weather forecasts reduced heating demand

Pushed prices down early week

📉

Progress in US-Iran nuclear talks

Reduced supply disruption fears

📈

Cold snap forecast from 16 February

Limited further price falls

📉

Strong wind generation in UK

Reduced gas-for-power demand

📉

Good LNG supplies into Europe

Kept gas prices supported

What Happened This Week

Gas fell 6.3% to 74.75p and power dropped 7.5% to £69.73 this week. That's gas down 2.4% and power down 4.2% compared to last Friday. The drop came from milder weather forecasts and progress in US-Iran talks, but temperatures are set to turn much colder from next week.

The Full Story

Energy prices had a proper tumble this week, with gas down 6.3% and power falling 7.5%. The big driver was weather forecasters backing down from their cold predictions, which meant less heating demand. Progress in those US-Iran nuclear talks also helped calm nerves about supply disruptions. But it wasn't all one-way traffic. Prices bounced around quite a bit as forecasters kept changing their minds about the weather. The UK's been getting loads of wind power lately, which is great for keeping electricity prices down. However, there's talk of a proper cold snap arriving from 16 February, with German temperatures potentially dropping 10 degrees below normal. Compared to last week's close, we're still down 2-4% across the board. The market's clearly relieved about the milder weather, but those cold forecasts are stopping prices from falling further.

Key Days

Tuesday

Biggest daily fall - gas down 4.1%

Markets opened much lower on milder weather revisions

Friday

Prices steadied near week's lows

Cold weather forecasts prevented further falls

Forward Prices

APR26

74.75p

-2.4%

CAL27

67.14p

+1.3%

CAL28

59.13p

-0.2%

CAL29

56.72p

-0.9%

MAR26

77.23p

-4.8%

MAY26

74.04p

-0.9%

The market clearly expects prices to fall over the next couple of years. 2027 contracts are trading 10% below today's rates, suggesting suppliers think current high prices won't last. Even summer 2026 is priced 3% cheaper than today, which is unusual for near-term contracts.

When Should You Buy?

📊 Trend: Prices fell 6-7% this week because weather forecasts turned milder and Iran nuclear talks showed progress.

Next Month

📉 -4.8% GET_QUOTES

Now: 77.23p · Last week: 81.14p · 3% more expensive

March contracts fell 4.8% this week and are only slightly above current rates. With cold weather coming, get quotes now before prices bounce back.

Spring 2026

📉 -1.3% HOLD

Now: 73.72p · Last week: 74.68p · 1% cheaper

Spring rates are slightly below current prices and still falling. You could wait a bit longer for better rates, but don't leave it too late.

Summer 2026

📉 -1.0% WAIT

Now: 72.68p · Last week: 73.39p · 3% cheaper

Summer contracts are cheaper than today's rates and still drifting lower. The market expects prices to ease by then, so waiting could pay off.

Winter 2026/27

📈 +0.5% GET_QUOTES

Now: 77.47p · Last week: 77.07p · 4% more expensive

Winter contracts are creeping up and cost more than current rates. If you're renewing then, better to lock in now before they rise further.

2027

📈 +1.3% GET_QUOTES

Now: 67.14p · Last week: 66.31p · 10% cheaper

2027 rates are rising but still 10% below today's prices. The market expects lower prices by then, but get quotes now before they climb higher.

👀 Looking Ahead

Watch the weather forecasts closely - that cold snap due from 16 February could push prices back up quickly. Also keep an eye on those US-Iran talks, as any breakdown could rattle the markets again.

Don't Overpay for Your Business Energy

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Current rates: Gas 74.75p/kWh · Power £69.73/MWh

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UK Energy Market Update: 9th - 13th Feb 2026

Energy prices fall 6% on milder forecasts

📊 This Week vs Last Week

🔍 What Moved the Market

What Happened This Week

The Full Story

Key Days

Forward Prices

When Should You Buy?

👀 Looking Ahead

Don't Overpay for Your Business Energy