Business Energy Broker
Utility SwopShop Weekly Market Insights Week Ending 11th April
Gas
British near-term gas prices lost ground on Thursday due to reduced demand amid milder weather and expectations of increased U.S. LNG supplies being redirected to Europe and the UK due to China’s high tariffs. Hence, NBP spot decreased by 1.7% to close at 81.35 p/therm.
The UK futures gas prices initially rose, following a brief uptick earlier in the session triggered by Trump’s announcement of a 90-day postponement of new trade tariffs. However, the gains were short-lived, as prices later reversed amid concerns that the tariffs could still be implemented after the delay period, alongside broader market fears of a potential global trade war. As a result, the gas price for Win-2025 delivery contract fell by 1%, closing at 91.09 p/therm.
Power
The UK spot electricity price fell by 1%, reaching at 81.51 GBP/MWh on Thursday due to higher temperatures and improved renewables generation.
Further on the curve, the Winter 2025 electricity price edged 0.5% lower, settling at 80.19 GBP/MWh, moving in tandem with lower gas prices.
Disclaimer
The contents of this webpage, such as text, graphics, images, and other material contained on the Utility SwopShop Ltd Site (“Content”) are for informational purposes only and are designed to provide market information based on market information available from energy suppliers in the UK. The Content is not intended to be a substitute for energy market professional advice and does not provide contract pricing for the delivered price of energy but does provide an indicator of the current wholesale commodity elements of the delivered price