Market move: UK NBP day-ahead gas rose 8.8% yesterday to 148.29p/therm. Day-ahead power increased 1.7% to £126.30/MWh, while Winter 2026 gas climbed to 149.20p/therm. Pricing is relatively flat this morning in limited trading.
Why it matters: Conditions attached to reopening the Strait of Hormuz are sustaining uncertainty around Qatari LNG supplies. European storage also remains well behind last year.
What it means for businesses: A short-lived market fall is not always a buying opportunity that remains available. Buyers approaching renewal should compare the forward options promptly while maintaining a clear view of budget risk.
Low Cost Energy Advice helps businesses interpret market movements and make informed procurement decisions.
Gas markets have reminded buyers how quickly yesterday’s dip can disappear.
