Tuesday, 14 July 2026
UK power firms on gas rally & low wind; spot ~£102/MWh, Win-26 near 30-day high
Prices rising sharply2027 wholesale: £84.48/MWh
Energy prices are higher than usual right now, mainly because gas prices have been climbing for several days in a row and there has been very little wind or renewable power on the grid — so power stations burning gas have had to pick up the slack. Over the next week or two, prices are likely to stay elevated unless the wind picks up or global tensions ease.
What's affecting prices
- •Gas prices up sharply over the past week — a three-day rising streak pushing to 30-day highs
- •Very little wind or solar on the grid — gas power stations covering most of UK electricity demand
- •Warm, high-pressure weather with light winds forecast to continue through mid-week
- •Middle East conflict (Iran) adding a risk premium to global gas and oil markets
- •UK household energy bills already up 13% from 1 July — further wholesale rises could feed into the October price cap
Wholesale pricing based on ICE forward settlements; non-commodity charges from NESO, LCCC, Ofgem and DNO publications. Indicative only — not financial advice.