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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.

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.

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.