UK Energy Market Update: Mid May

UK energy markets have continued to shift in response to international policy, supply dynamics, and seasonal demand trends.

Electricity Market Movements

Economic optimism and global political developments have pressured UK power prices upward

Stronger renewables have increased overall electricity generation and suppressed demand

Improved nuclear output briefly eased short-term electricity prices, following an initial rise

Gas Market Movements

UK gas prices have climbed due to the EU’s stronger stance on ending reliance on Russian gas

Planned maintenance in Norway has impacted supply, but lower demand has helped balance the market

European gas storage levels remain below seasonal expectations, keeping markets sensitive to global LNG developments

At CES, we help organisations respond to change with proactive energy procurement strategies and clear market insight.