Welcome to our Weekly Newsletter!
At Energy Costs Managed, we pride ourselves on being energy consultants with a difference.
In this weeks newsletter we cover this weeks changes to wholesale energy pricing, the volatility due to the conflict in the middle east, procurement strategies during this time and upcoming TNUoS increases.
Insight of the Week: Business Gas Procurement Strategy amid the Middle East Conflict
Rising geopolitical tensions in the Middle East have once again created uncertainty and a large amount of volatility in global energy markets. For businesses across the UK this uncertainty can quickly translate into volatile gas prices from suppliers and difficult procurement decisions. While the UK sources much of its gas from domestic production and European imports, global conflicts still influence wholesale gas pricing and market stability.
This article explores how the Middle East conflict may impact the UK gas market and outlines practical strategies businesses can adopt to protect themselves.
Business Gas Procurement Strategy Amid the Middle East Conflict: What UK companies need to know
Wholesale Energy Prices
Wholesale prices have increased this week due to geopolitical tensions in the Middle East, concerns over potential disruptions to global LNG supply routes, and heightened market uncertainty driving speculative trading in energy markets.
If you’d like to know more about how these prices will impact you and your business or would like to know more about when to look to renew your energy supply contract book a call with a member of our team today.
Week to date
Gas Prices for April 2026 increased from 78.49p per therm to 131.00p per therm
Q2 26 - increased from 77.67 per therm to 130.00 per therm
Q3 26 - increased from 75.77p per therm to 106.49p per therm
Q4 26 - increased from 79.86p per therm to 106.55p per therm
Power Prices for April 2026 increased from £75.10 per mwh to £102.14 per mwh
July 2026 - increased from £69.05 per mwh to £91.02 per mwh
December 2026 - increased from £74.65 per mwh to £87.30 per mwh
April 2027 - increased from £64.53 per mwh to £70.07 per mwh
Please note that due to the ongoing volatility of wholesale energy prices, Energy Costs Managed cannot guarantee the accuracy of the above figures. These prices are intended as a visual guide to reflect current market trends and should not be taken as financial advice.
Upcoming TNUoS Charge Increases on the 1st April 2026
NESO (National Energy System Operator) has confirmed that on average a 64% increase in TNUos Charges for 2026/2027 starting from the 1st April 2026.
The increase is being driven largely by continued and accelerated investment in national grid infrastructure. Substantial upgrades and expansion are required to accommodate growing electricity demand, connect new renewable generation, and strengthen overall network resilience. While these developments are critical to supporting the UK’s long-term energy strategy and transition to net zero, the associated costs are recovered through network charges such as TNUoS.
For business energy customers, this will translate into a notable rise in non-commodity costs and will be passed on particularly in standing charges. As these charges are passed on and applied regardless of consumption levels, organisations may see higher overall electricity costs even if usage remains unchanged. We recommend that businesses review their current contracts, budgets and energy strategies ahead of April 2026 to understand and mitigate the potential financial impact where possible.
