5
Market Movements Over 2025
Enjoy The Savings While They Last
2025 has finally given UK businesses a break. After several years of volatility, wholesale gas and electricity prices have stayed lower for longer. This has been helped by milder weather forecasts, steady LNG deliveries, strong Norwegian pipeline flows, and better availability of renewable generation through much of the year. The pressure that dominated the market in 2022 and 2023 has not returned in the same way. Geopolitics has also influenced recent market movements. Hopes surrounding peace talks between Ukraine and Russia relaxed some of the risk premium that had been built into energy prices. Even the possibility of renewed access to Russian supply into Europe has encouraged traders to price gas more calmly through winter. Market sentiment has done a lot of heavy lifting in keeping prices contained.
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