UK Energy Market Update: Stability Returns Ahead of Winter

UK ENERGY MARKET OVERVIEW

After a period of turbulence, UK business energy markets saw a welcome return to stability this week. Gas prices dipped by over 2%, thanks to warmer weather forecasts easing short-term heating demand. Power costs also fell nearly 5% as clearer wind generation forecasts improved supply confidence. European gas reserves remain strong, with storage levels above 82% as winter nears, offering a solid buffer. National Grid confirmed a record £5 billion investment in H1 2026, aimed at reinforcing infrastructure and accelerating the shift to clean energy. Meanwhile, Shell’s Victory gas field in the North Sea has officially come online, contributing up to 150 million cubic feet per day and bolstering UK energy security alongside expanding renewables.

MARKET PRICE SNAPSHOT

· Day-ahead gas dropped 7.1% week-on-week to 73.15p/th, driven by lower heating needs and stronger renewable output

· Day-ahead power fell 13.1% to £53.00/MWh, supported by robust wind generation

· 2026 gas contracts are trading near 79p/th, down 0.75% this week and 27% lower than this time last year

· 2026 power contracts settled around £76/MWh, reflecting stable forward pricing

· Winter 2026 gas sits at 82.73p/th, maintaining a seasonal premium due to expected heating demand

ECOSAVE GAS AND POWER SOLUTIONS

With wholesale prices currently steady, now is a smart time to lock in your energy rates before winter uncertainty sets in. Ecosave Gas & Power offers fixed-term contracts ranging from 12 to 36 months, as well as bespoke contracts, giving your business budget clarity and protection from market swings. Our UK-based team tracks the

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