10/15/2026
Forward energy costs strengthened across the fortnight even though prompt electricity ended the period sharply lower. Gas moved higher across the curve, with UK baseload forward power also increasing, while day-ahead power remained highly volatile as changing wind expectations altered gas-for-power demand.
The commercial message is to separate short-term system conditions from the cost of securing a future fixed contract. A weak day-ahead electricity price does not automatically translate into cheaper forward contracting. With European gas storage still relatively low for the time of year, Norwegian outages recurring and Middle East shipping risk continuing to affect sentiment, businesses approaching a contract decision should prioritise budget certainty rather than rely on a broad market correction.
In our latest UK Energy Market Report, we explore:
✅ What drove gas and electricity price movements during the fortnight, and what the trading range reveals about contract timing risk
✅ Forward curve insight and what the current market structure means for contract term decisions
✅ The British Industrial Competitiveness Scheme (BICS), with applications now open and closing 30 November 2026
✅ Procurement recommendations for Winter 2026 and April 2027 contract starts
✅ How monitoring energy consumption can help businesses identify avoidable costs and also support better procurement decisions
In a market this volatile, having a knowledgeable advisor monitoring conditions and supporting procurement decisions can make a significant difference. Read the full report and speak to the team at Smarter Business to find out more.
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