December saw the market increase substantially as we lead up to the Christmas break however from here, it has dramatically come down due to mild temperatures and lower demand. Russian gas supplies into Europe fall.
Today, the Gas market has decreased 8.81% lower than this time last month with the electric market down by 15.48%.
How the market is averaging out
Date Electric (£/MWh) Gas (p/therm)
Last 7 days 232.17 260.67
Last Month 304.07 289.98
Last Year 127.39 117.39
The below shows how the market compares to the previous month and year.
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