Saturday, 13 June 2026
Gas supply shock lifts near-term UK power; spot softer on wind surge
Prices rising sharplyCal-27 wholesale: £81.48/MWh
Energy prices are higher than normal right now, mainly because a breakdown at a major Norwegian gas facility has reduced the amount of gas flowing into the UK, pushing up prices at a time when the weather has also been cooler than usual. Prices are likely to stay elevated over the next week or two unless the Norwegian supply problem is fixed or the weather warms up quickly.
What's affecting prices
- •Breakdown at Norwegian Troll gas field cutting supplies to the UK
- •Less gas arriving from the Middle East due to ongoing conflict near the Strait of Hormuz
- •Cooler-than-normal temperatures in the UK and Europe pushing up demand
- •Several UK nuclear power stations currently offline reducing available electricity
- •Energy bills rising 13% from July as regulator increases the price cap
Wholesale pricing based on ICE forward settlements; non-commodity charges from NESO, LCCC, Ofgem and DNO publications. Indicative only — not financial advice.