Energy Market Update: 27th - 30th May 2025

With a shorter trading week due to the late May Bank Holiday, wholesale energy markets saw some sharp daily movements — especially in electricity — but forward prices stayed relatively steady, suggesting retail contract rates may not yet reflect the full drop.

📊 Weekly Energy Market Recap

🔹 Quick Snapshot

• Day-Ahead Gas: 86.59 p/therm (🔺 -1.01% from last week)
• Day-Ahead Power: £62.83/MWh (🔻 -26.82% from last week)

• Today’s Open (03/06): Gas: 79.15 p/th | Power: £70.57/MWh

• Forward Pricing: Largely unchanged
• Notable Shift: Power saw its sharpest weekly drop in 12+ months

📅 5-Week Price Trend

🧾 Gas prices remain in a stable range. Power dropped sharply this week after strong renewable output and low demand.

📉 Market Overview

🔻 A Quiet Week for Gas

Prices fell back under 85 p/th by Friday, helped by warmer weather and higher Norwegian flows midweek.



🔌 Power Under Pressure

Electricity averaged just £62.83/MWh — the lowest since spring 2023 — driven by strong wind generation and low weekday demand.

📊 Weekly Prices at a Glance

⚠️ Electricity saw a sharp drop this week – one of the steepest falls in recent months. Gas held steady, finishing slightly higher.

🔎 Key Factors This Week

🟧 Soft Fundamentals

• High wind output slashed power prices midweek
• Warmer weather and easing maintenance helped soften gas demand
• EU gas storage at ~47% — still well below 5-year average



🌍 Geopolitical Headlines

• Trump delayed 50% EU tariffs until July, reducing trade pressure
• Peace talks stalled as Trump–Putin deadlines passed with little progress
• U.S. weighing further Russian sanctions, but no fresh action taken yet

📣 What This Means for Your Business

🔹 Contracts Ending Soon (0–3 Months)

Power prices are at the lowest levels in over a year — now could be a great time to explore quotes.

🔹 Contracts Ending Mid-Term (3–6 Months)

Gas prices remain steady. Consider reviewing rates now if you're looking to avoid mid-summer volatility.

🔹 Long-Term Renewals (6+ Months)

Forward rates have stayed flat. If you're not due until Q4 or later, keep monitoring — prices may soften again if storage improves.

👉 Avoid paying more than you need to.

If your contract’s due soon, now could be a smart time to get a fixed quote while prices are still below winter highs.

📈 6-Month Energy Market Trends

Gas and power both dropped last week. Power showed a much sharper decline, reflecting milder weather and low demand.

Gas continues to trade in the 85–90 p/th band, showing limited volatility compared to electricity.

🔭 Next Steps

Ready to Lock in Better Rates or Stay Ahead of the Market?

Our experts monitor global energy movements so you don’t have to—take control now.

🧭 Looking Ahead



• Norwegian flows expected to fully recover post-maintenance
• EU gas storage remains a key watch point — still 10% behind seasonal norms
• U.S.–Russia tension remains unresolved, but not driving daily prices right now
• Power volatility could return if renewable output dips

💬 Final Thoughts

Last week’s drop in power was a surprise — and a clear opportunity for those close to renewal.
If you’re unsure, get a quote or sense-check your current deal.


No pressure — just smart timing.