Monday, 29 June 2026
UK power easing on geopolitical relief & summer demand lull; spot well below week avg
Prices may ease slightly2027 wholesale: £81.48/MWh
Energy prices are lower than they have been recently, mainly because a ceasefire deal between the US and Iran has calmed fears about gas supplies being cut off from the Middle East, and the warm summer weather means people are using less energy to heat their homes. Prices could start to creep back up as autumn approaches and heating demand returns, so if you are renewing a contract soon, now looks like a reasonable time to lock in.
What's affecting prices
- •US-Iran ceasefire deal reducing fear of gas supply being cut off
- •Qatari gas tankers returning to normal after Strait of Hormuz disruption
- •Warm summer weather reducing how much energy homes and businesses need
- •Today's spot price well below recent weekly average — market softening
- •Rising network and policy charges keeping bills high even as wholesale prices fall
Wholesale pricing based on ICE forward settlements; non-commodity charges from NESO, LCCC, Ofgem and DNO publications. Indicative only — not financial advice.