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STATE OF THE ENERGY MARKET: UNUSALLY LOW EARLY WINTER PRICES The UK energy market has stayed stable through most of 2025, with gas and electricity prices well below last winter’s highs. However, this calm may be brief. Winter demand is increasing, wind output is weaker than expected and storage levels are beginning to fall. Peace talks in Ukraine have also stalled, adding renewed geopolitical uncertainty. In this issue, we explore what has kept prices steady, what could push them higher, and why this may be one of the last good windows for businesses to act.
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