Welcome to Our Weekly Newsletter!
Stay Ahead of the Energy Market: Why Early Planning Matters
Wholesale gas and electricity prices have continued to fluctuate, with recent increases highlighting just how quickly market conditions can change. A combination of geopolitical developments, warmer weather across Europe and sustained demand for gas storage has driven wholesale prices higher, reinforcing the importance of having a proactive energy procurement strategy.
While no one can accurately predict future market movements, businesses that plan ahead are often in a stronger position than those waiting until their contract is about to expire.
Whats Driving the Market?
Wholesale energy prices are influenced by a wide range of factors, many of which are outside the UK's control. Recent price increases have been driven by geopolitical uncertainty, higher temperatures across Europe affecting energy demand patterns, and continued pressure to replenish gas storage ahead of future seasonal demand.
As gas remains a driver of UK electricity prices, any movement in wholesale gas markets can quickly impact the cost of both gas and electricity contracts.
Give Your Business More Buying Opportunities
One of the biggest mistakes businesses make is leaving their contract renewal until the final weeks. At that point, you're often limited to the prices available on the day, regardless of whether market conditions are favourable.
Beginning the renewal process up to 12 months before your contract ends gives you the opportunity to monitor wholesale market movements, consider different purchasing options and secure a contract when prices align with your business objectives.
Reduce Risk Through Forward Planning
Energy procurement is about managing risk as much as securing competitive prices. By reviewing your options early and monitoring the market over time, you gain greater flexibility, improve budget certainty and avoid making decisions under unnecessary time pressure.
With wholesale markets remaining volatile, having a clear procurement strategy has never been more important.
At Energy Costs Managed, we monitor wholesale gas and electricity markets every day, providing businesses with timely market insight and helping identify opportunities to secure competitive energy contracts.
If your current energy contract expires within the next 12 months, now is the ideal time to review your options. Planning ahead gives your business greater flexibility, reduces exposure to market volatility and puts you in the best possible position when it's time to renew.
Have a great weekend!
Chris Horsley
Wholesale Energy Prices
This week, wholesale gas and electricity prices rose significantly, driven by a combination of geopolitical developments, warmer weather across Europe, and ongoing demand for gas storage. Together, these factors have increased volatility across the wholesale energy markets throughout the week.
With wholesale prices moving significantly this week, businesses approaching contract renewal should keep a close eye on market conditions. If your contract is due for renewal within the next 12 months, our team can help you understand how current market movements could affect your next agreement.
Gas
- August 2026: ↑ 131.98p to 149.45p/therm
- September 2026: ↑ 132.60p to 150.63p/therm
- December 2026: ↑ 138.10p to 155.45p/therm
- March 2027: ↑ 123.63p to 134.80p/therm
Electricity
- August 2026: ↑ £112.50 to £125.69/MWh
- September 2026: ↑ £113.14 to £127.34/MWh
- December 2026: ↑ £120.47 to £133.10/MWh
- March 2027: ↑ £112.46 to £122.30/MWh
Wholesale energy markets remain highly volatile. The prices shown are indicative only and intended to illustrate market movements. They should not be relied upon as trading or financial advice.
Whats New in The Energy Hub This Week?
This week in the Energy Hub, we're exploring practical ways businesses can take greater control of their utility costs.
Discover why energy costs remain a major challenge for restaurants and golf clubs, even as wholesale prices fluctuate. Our latest articles explore the hidden factors driving business energy bills and share practical strategies to help reduce consumption, improve efficiency and take greater control of your energy costs.
How Much Does Energy Cost a Golf Club?
Running a golf club involves managing a wide range of costs, from course maintenance and staffing to hospitality, facilities and utilities. Among these expenses, energy is one of the most significant ongoing overheads, particularly for clubs operating large clubhouses, restaurants, changing facilities and event spaces.
With energy prices continuing to impact businesses across the UK, many golf club owners and committees are asking an important question:how much does energy cost a golf club?
The answer depends on a variety of factors, including the size of the club, the number of facilities, opening hours, heating requirements, catering operations and how effectively energy is managed. However, understanding what influences golf club energy costs can help clubs identify opportunities to reduce expenditure and improve financial control
Why are Restaurant Energy Bills so High?
Running a restaurant is challenging, with rising food prices, staffing costs and changing customer expectations all affecting profitability. However, one of the biggest and often overlooked expenses is energy.
From commercial kitchens and refrigeration to heating, lighting and customer comfort, restaurants rely heavily on energy every day. As a result, many restaurant owners across the UK are asking the same question:why are restaurant energy bills so high?
The answer is not simply rising energy prices. Restaurant energy costs are influenced by a combination of factors, including high consumption levels, inefficient equipment, operating hours, energy contracts and the way energy is monitored and managed.
Understanding what drives restaurant energy bills is the first step towards identifying savings opportunities and taking control of one of the most important business overheads.
