Energy Market Update – February 2026
February started calmly, with falling wholesale gas and power prices driven by milder weather and strong wind generation. But on 28 February, geopolitical escalation in the Gulf transformed the outlook overnight. With the Strait of Hormuz effectively shut, Qatar halting LNG production and European gas prices jumping 25% in a single day, UK businesses now face renewed wholesale volatility just weeks before April’s 60%+ TNUoS increases take effect. In this month’s Energy Market Update, we break down what happened, what could move prices next, and how to protect your energy budget.
Energy Market Update – January 2026
January 2026 highlighted just how volatile the UK energy market can be. Wholesale gas prices surged more than 40% during the month as cold weather increased demand, gas storage levels dropped below last year’s levels, and competition for LNG cargoes intensified. Power prices also spiked, driven by low wind generation and heavier reliance on gas-fired power stations. With European storage sitting well below 2025 levels and April’s regulatory cost increases approaching, businesses face continued uncertainty. This energy market update explores what drove January’s price movements, key policy and infrastructure developments, risks to watch in February, and practical steps businesses can take to lock in price certainty and protect budgets.
Energy Market Update – 2026 Outlook
Wholesale energy prices eased in 2025, but stability is still fragile. Gas and power remain well above pre-crisis levels, while rising grid costs, new nuclear charges, and geopolitical risk continue to pressure business energy bills. This update breaks down what moved prices in 2025, what could shake markets in 2026, and how UK businesses can protect their budgets before regulatory costs rise again.
Energy Market Update – December 2025
November’s UK energy markets saw sharp short-term swings in day-ahead prices as wind generation fluctuated, while forward contracts remained stable, signalling manageable winter conditions ahead. Government updates on industrial energy policy, nuclear levies, and North Sea plans add further context for businesses planning renewals. Dyce Energy helps SMEs navigate market volatility with fixed-price contracts, renewable options, and expert guidance.
Upcoming Nuclear RAB & TNUoS Charges: What Businesses Need to Know
New Nuclear RAB charges and upcoming increases to TNUoS costs are set to impact business energy bills. Nuclear RAB charges will help fund new low-carbon nuclear projects, while TNUoS standing charges are forecasted to rise by up to 90% in 2026/27, according to NESO.
With these changes on the horizon, Dyce Energy is taking a clear approach: any fixed-rate contract signed before the end of 2025 will remain fixed, no matter how much Nuclear RAB or TNUoS charges rise.
Energy Market Update – November 2025
As we near the end of 2025, the UK energy market remains steady but watchful. Recovering gas flows, high storage levels, and mild weather have supported stability, though variable wind output and LNG disruptions added pressure. Forward prices have edged higher, reflecting continued caution heading into winter.
This month, Dyce Energy explores what’s driving prices, from calls to reform Ofgem to the £1 billion spent curtailing wind generation, and outlines what to watch in November, helping your business plan ahead with confidence.
Energy Market Update – October 2025
September was steady overall but never dull. Norwegian gas maintenance eased by month-end, storage stayed high, and a windy spell briefly crashed UK day-ahead power below £30/MWh. Forward contracts hardly moved, a reminder that calm averages can disguise sharp intraday swings. With autumn underway, weather, wind and supply flows will set the tone, and planning ahead still pays.
Supply Number Format Changes: Getting Ready for MHHS
The UK electricity supply number format will change on 22nd September 2025 as part of preparations for Market-Wide Half-Hourly Settlement (MHHS). While mostly cosmetic for businesses, these updates standardise data, reduce errors, and pave the way for smarter billing and flexible energy use in the future.
Energy Market Update – September 2025
August’s energy markets were relatively steady, with strong European gas storage, consistent LNG arrivals, and increased wind generation helping to balance supply. Norwegian maintenance kept a cautious undertone, reminding SMEs that prices can still move quickly. Planning ahead remains essential for managing energy costs and securing budget certainty.
How Are Rising Energy Costs Impacting Businesses?
Rising energy costs have become a major challenge for UK businesses, with bills still around 70% higher than pre-2022 levels. From global conflicts to supply chain pressures, prices remain volatile and unpredictable. In this blog, we explore why costs have risen, what this means for businesses, and the strategies you can use to protect your bottom line.