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In October wholesale prices rose steeply for near term delivery and both the spot price and November contracts for delivery rose in tandem across gas and electricity at a rate of roughly 10%.

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August 2024 saw small increases in wholesale cost of roughly 4% across the board for electricity. Gas forward contracts fell slightly for deliveries in the run up to the end of this year but rose in line with the bullish electricity market further out.

The month of July saw mostly sideways trading in the electricity wholesale market as we saw typical price drivers influence the market throughout the month with only a marginal increase in forward contracts out to the end of the year.

The month of April saw electricity prices for Q2 and this Summer stay fairly constant. Energy prices for Autumn saw gains of £6/MWh and Winter 24 closed roughly 8% higher than at the start of the month and looking further out, contracts increased across the whole of 2025.

May 2024 was a difficult month for the Energy market, when looking at the closing electricity prices for spot and forward contracts on Friday, the curve was up 15% across the board.

The month of April saw electricity prices for Q2 and this Summer stay fairly constant. Energy prices for Autumn saw gains of £6/MWh and Winter 24 closed roughly 8% higher than at the start of the month and looking further out, contracts increased across the whole of 2025.