Stay up-to-date on the latest wholesale gas, power, and oil price movements. Here’s a concise overview of what happened this week, why it matters, and how it could affect your next energy contract.
Gas (Day-Ahead) | Power (Day-Ahead) | |
---|---|---|
Highest | 106.50 p/therm (20/03) | £99.17/MWh (19/03) |
Lowest | 100.00 p/therm (19/03) | £63.57/MWh (21/03) |
Weekly Average | 103.43 p/therm | £90.30/MWh |
Change vs Last Week | +0.94% | -7.2% |
Note: An unusually low electricity price on 21/03 pulled the weekly average down more than expected.
Contracts Ending Soon (0–3 Months)
Medium-Term (3–6 Months)
Longer-Term (6+ Months)
⚠️ If you’re out of contract → Acting quickly could save your business money. Standard variable rates are still much higher than fixed rates.
Brent Crude hovered around $70–$72/bbl, ending closer to $72.
Key Factors: US sanctions on Iran, OPEC+ production cuts, and renewed tensions in the Middle East.
Business Impact: While oil prices don’t directly affect most fixed-price electricity/gas contracts, they influence global energy sentiment and logistics costs.
📊 (See the 12-month market graph below for a full breakdown of movements.)
Our experts monitor global energy movements so you don’t have to—take control now.
While the winter season is winding down, political uncertainty remains a key driver of energy prices. If your contract is up soon, consider securing a portion of your volume on any dips. For those with more time, monitor developments and set clear price triggers.
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