GAS UK Natural Gas · NBP
Day-Ahead
179.15p/therm +1.36 · +0.8%
30d 160.55 – 207.22 close 2 Oct 2026
Charts
Daily numbers
PEP-ICD reports each day on what's moving the UK energy and carbon markets, as well as the impacts of the wider energy complex (oil/LNG). The dashboard below is based on the most recent closing prices, whilst intraday live rates sit behind our TRIBARClient portal (details available on request).
01 · Price board
Forward delivery prices, updated daily
Day-ahead and seasonal forwards for UK gas and power — 3rd October 2026 closing prices (plus last 30 days). Red means down versus previous close. Green means up versus previous close.
Gas · Prompt market
GAS UK Natural Gas · NBP
Month-Ahead
189.01p/therm +4.61 · +2.5%
30d 162.32 – 207.59 close 2 Oct 2026
GAS UK Natural Gas · NBP
Quarter-Ahead
187.57p/therm +3.65 · +2.0%
30d 166.22 – 209.26 close 2 Oct 2026
GAS UK Natural Gas · NBP
Season-Ahead
137.87p/therm +3.86 · +2.9%
30d 134.01 – 208.63 close 2 Oct 2026
Gas · Forward market
GAS UK Natural Gas · NBP
SUM 27
137.87p/therm +3.86 · +2.9%
30d 105.76 – 137.87 close 2 Oct 2026
GAS UK Natural Gas · NBP
WIN 27
132.26p/therm +3.85 · +3.0%
30d 102.96 – 132.26 close 2 Oct 2026
GAS UK Natural Gas · NBP
SUM 28
86.69p/therm +2.35 · +2.8%
30d 72.42 – 86.69 close 2 Oct 2026
GAS UK Natural Gas · NBP
WIN 28
93.69p/therm +1.97 · +2.2%
30d 79.62 – 93.69 close 2 Oct 2026
Electricity · Prompt market
PWR UK Electricity · Baseload
Day-Ahead
151.95£/MWh −2.45 · −1.6%
30d 28.00 – 198.43 close 3 Oct 2026
PWR UK Electricity · Baseload
Month-Ahead
153.49£/MWh +1.90 · +1.3%
30d 129.67 – 158.36 close 2 Oct 2026
PWR UK Electricity · Baseload
Quarter-Ahead
154.88£/MWh +2.77 · +1.8%
30d 135.44 – 165.41 close 2 Oct 2026
PWR UK Electricity · Baseload
Season-Ahead
108.56£/MWh +1.38 · +1.3%
30d 107.18 – 166.61 close 2 Oct 2026
Electricity · Forward market
PWR UK Electricity · Baseload
SUM 27
108.56£/MWh +1.38 · +1.3%
30d 90.51 – 109.62 close 2 Oct 2026
PWR UK Electricity · Baseload
WIN 27
109.83£/MWh +2.19 · +2.0%
30d 91.56 – 109.83 close 2 Oct 2026
PWR UK Electricity · Baseload
SUM 28
74.46£/MWh +1.76 · +2.4%
30d 66.83 – 74.46 close 2 Oct 2026
PWR UK Electricity · Baseload
WIN 28
82.59£/MWh +1.24 · +1.5%
30d 74.76 – 82.59 close 2 Oct 2026
02 · Price action
Up, down, or sideways
Most recent closing price versus 1-day, 1-week, 1-month ago
| Contract | 1 day | 5 days | 30 days | 30-day range |
|---|---|---|---|---|
| UK Natural Gas · NBP | ||||
| Day-Aheadp/therm | +0.8% | +0.1% | +7.8% | |
| Month-Aheadp/therm | +2.5% | +5.9% | +12.9% | |
| Quarter-Aheadp/therm | +2.0% | +3.2% | +9.3% | |
| Season-Aheadp/therm | +2.9% | −24.1% | −18.6% | |
| SUM 27p/therm | +2.9% | +5.1% | +28.3% | |
| WIN 27p/therm | +3.0% | +3.9% | +27.0% | |
| SUM 28p/therm | +2.8% | +3.0% | +17.5% | |
| WIN 28p/therm | +2.2% | +2.4% | +15.9% | |
| UK Electricity · Baseload | ||||
| Day-Ahead£/MWh | −1.6% | −9.2% | +60.2% | |
| Month-Ahead£/MWh | +1.3% | +8.1% | +17.4% | |
| Quarter-Ahead£/MWh | +1.8% | +2.0% | +14.4% | |
| Season-Ahead£/MWh | +1.3% | −29.0% | −19.5% | |
| SUM 27£/MWh | +1.3% | +3.9% | +18.1% | |
| WIN 27£/MWh | +2.0% | +3.2% | +19.4% | |
| SUM 28£/MWh | +2.4% | +3.4% | +10.3% | |
| WIN 28£/MWh | +1.5% | +2.3% | +9.8% | |
03 · Gas curve
UK NBP monthly forwards out to 2030
Most recent closing prices versus 1-month ago (white shaded sections delineate winter delivery).
Latest close · 3 Oct 2026
One month ago · 2 Sep 2026
p/therm
View as table
| Contract | Latest close (p/therm) | One month ago |
|---|---|---|
| NOV 26 | 188.56 | 185.13 |
| DEC 26 | 190.59 | 186.55 |
| JAN 27 | 191.61 | 187.15 |
| FEB 27 | 190.04 | 184.05 |
| MAR 27 | 181.30 | 169.64 |
| APR 27 | 153.90 | 138.46 |
| MAY 27 | 141.75 | 122.84 |
| JUN 27 | 134.77 | 117.47 |
| JUL 27 | 132.32 | 116.72 |
| AUG 27 | 133.09 | 117.75 |
| SEP 27 | 131.65 | 116.50 |
| OCT 27 | 131.13 | 115.80 |
| NOV 27 | 133.71 | 119.72 |
| DEC 27 | 136.50 | 121.69 |
| JAN 28 | 135.65 | 121.73 |
| FEB 28 | 133.54 | 120.00 |
| MAR 28 | 123.20 | 109.64 |
| APR 28 | 96.21 | 87.38 |
| MAY 28 | 88.42 | 80.19 |
| JUN 28 | 85.68 | 77.81 |
| JUL 28 | 83.01 | 76.23 |
| AUG 28 | 82.94 | 76.27 |
| SEP 28 | 84.11 | 77.65 |
| OCT 28 | 89.64 | 82.96 |
| NOV 28 | 92.56 | 85.73 |
| DEC 28 | 94.87 | 87.99 |
| JAN 29 | 97.18 | 89.66 |
| FEB 29 | 95.72 | 88.36 |
| MAR 29 | 92.37 | 85.31 |
| APR 29 | 76.76 | 71.51 |
| MAY 29 | 72.64 | 67.59 |
| JUN 29 | 70.89 | 65.79 |
| JUL 29 | 70.02 | 64.92 |
| AUG 29 | 70.67 | 65.56 |
| SEP 29 | 71.88 | 66.73 |
| OCT 29 | 76.76 | 71.24 |
| NOV 29 | 79.50 | 73.79 |
| DEC 29 | 81.62 | 75.89 |
| JAN 30 | 82.90 | 76.95 |
| FEB 30 | 83.25 | 77.25 |
| MAR 30 | 81.51 | 75.46 |
| APR 30 | 73.11 | 69.31 |
| MAY 30 | 70.60 | 66.94 |
| JUN 30 | 68.21 | 64.56 |
| JUL 30 | 66.44 | 62.80 |
| AUG 30 | 66.04 | 62.42 |
| SEP 30 | 67.47 | 63.86 |
| OCT 30 | 74.02 | 70.82 |
| NOV 30 | 76.81 | 73.61 |
| DEC 30 | 78.77 | 75.59 |
04 · Seasonal context
The front 7 seasons out to Winter-29 delivery
Most recent closing prices versus 1-week, 1 month, 3-months, 6-months ago.
Last close · 2 Oct 26
1 week ago · 25 Sep 26
1 month ago · 2 Sep 26
3 months ago · 2 Jul 26
6 months ago · 2 Apr 26
View as table
| Season | Last close (p/therm) | 1 week ago | 1 month ago | 3 months ago | 6 months ago |
|---|---|---|---|---|---|
| SUM 27 | 137.87 | 131.22 | 121.58 | 79.82 | 94.28 |
| WIN 27 | 132.26 | 127.36 | 118.07 | 81.21 | 93.85 |
| SUM 28 | 86.69 | 84.21 | 79.23 | 62.87 | 67.84 |
| WIN 28 | 93.69 | 91.49 | 86.65 | 71.37 | 73.00 |
| SUM 29 | 72.12 | 70.29 | 67.00 | 57.33 | 63.29 |
| WIN 29 | 80.89 | 79.10 | 75.07 | 66.97 | 71.99 |
Last close · 3 Oct 26
1 week ago · 26 Sep 26
1 month ago · 3 Sep 26
3 months ago · 3 Jul 26
6 months ago · 3 Apr 26
View as table
| Season | Last close (£/MWh) | 1 week ago | 1 month ago | 3 months ago | 6 months ago |
|---|---|---|---|---|---|
| SUM 27 | 108.56 | 104.46 | 98.66 | 75.61 | 77.31 |
| WIN 27 | 109.83 | 106.48 | 99.30 | 78.17 | 82.98 |
| SUM 28 | 74.46 | 72.00 | 69.87 | 60.68 | 65.29 |
| WIN 28 | 82.59 | 80.76 | 78.27 | 68.94 | 72.53 |
| SUM 29 | 69.03 | 66.78 | 65.59 | 60.89 | 65.94 |
| WIN 29 | 77.01 | 75.04 | 72.93 | 69.81 | 70.54 |
05 · Half-year curve shift
Our quick-glance graphic of mid-term market volatility
Percentage changes of most recent closing prices of the front 7 seasons versus 6-month ago.
View as table
| Season | Six months ago | Latest close | Change |
|---|---|---|---|
| Gas SUM 27 | 94.28 p/therm | 137.87 p/therm | +46.2% |
| Gas WIN 27 | 93.85 p/therm | 132.26 p/therm | +40.9% |
| Gas SUM 28 | 67.84 p/therm | 86.69 p/therm | +27.8% |
| Gas WIN 28 | 73.00 p/therm | 93.69 p/therm | +28.3% |
| Gas SUM 29 | 63.29 p/therm | 72.12 p/therm | +14.0% |
| Gas WIN 29 | 71.99 p/therm | 80.89 p/therm | +12.4% |
| Power SUM 27 | 77.31 £/MWh | 108.56 £/MWh | +40.4% |
| Power WIN 27 | 82.98 £/MWh | 109.83 £/MWh | +32.4% |
| Power SUM 28 | 65.29 £/MWh | 74.46 £/MWh | +14.0% |
| Power WIN 28 | 72.53 £/MWh | 82.59 £/MWh | +13.9% |
| Power SUM 29 | 65.94 £/MWh | 69.03 £/MWh | +4.7% |
| Power WIN 29 | 70.54 £/MWh | 77.01 £/MWh | +9.2% |
06 · Daily evolution
Each day's closing seasonal forward price over an 18-month period
Feel free to drag the zoom!
07 · Month-ahead delivery prices, gas versus electricity
Tracking the correlation coefficient
Weekly closing prices indexed to 100 at 4 Oct 2024 reflecting comparative value.
Gas · NBP month-ahead
Electricity · UK Baseload month-ahead
indexed, 4 Oct 2024 = 100
View as table
| Week ending | Gas index | Gas (p/therm) | Electricity index | Electricity (£/MWh) |
|---|---|---|---|---|
| 4 Oct 2024 | 100.0 | 101.99 | 100.0 | 86.98 |
| 11 Oct 2024 | 96.7 | 98.64 | 98.4 | 85.63 |
| 18 Oct 2024 | 95.7 | 97.60 | 98.1 | 85.32 |
| 25 Oct 2024 | 107.9 | 110.07 | 110.4 | 96.00 |
| 1 Nov 2024 | 96.4 | 98.37 | 102.6 | 89.20 |
| 8 Nov 2024 | 104.6 | 106.63 | 103.2 | 89.77 |
| 15 Nov 2024 | 114.1 | 116.40 | 110.2 | 95.85 |
| 22 Nov 2024 | 114.4 | 116.69 | 109.6 | 95.33 |
| 29 Nov 2024 | 114.8 | 117.09 | 111.1 | 96.60 |
| 6 Dec 2024 | 113.1 | 115.35 | 113.2 | 98.48 |
| 13 Dec 2024 | 100.8 | 102.79 | 102.8 | 89.38 |
| 20 Dec 2024 | 106.7 | 108.84 | 107.5 | 93.51 |
| 27 Dec 2024 | 116.7 | 119.06 | 118.6 | 103.18 |
| 3 Jan 2025 | 121.6 | 123.97 | 118.1 | 102.67 |
| 10 Jan 2025 | 111.8 | 114.07 | 107.0 | 93.10 |
| 17 Jan 2025 | 116.7 | 119.04 | 110.8 | 96.35 |
| 24 Jan 2025 | 122.1 | 124.51 | 122.1 | 106.18 |
| 31 Jan 2025 | 130.6 | 133.23 | 132.5 | 115.25 |
| 7 Feb 2025 | 132.8 | 135.48 | 128.2 | 111.47 |
| 14 Feb 2025 | 120.1 | 122.47 | 116.2 | 101.07 |
| 21 Feb 2025 | 108.4 | 110.51 | 105.8 | 91.99 |
| 28 Feb 2025 | 103.9 | 105.98 | 103.4 | 89.94 |
| 7 Mar 2025 | 94.8 | 96.66 | 93.8 | 81.59 |
| 14 Mar 2025 | 101.8 | 103.85 | 100.1 | 87.05 |
| 21 Mar 2025 | 101.1 | 103.13 | 102.4 | 89.10 |
| 28 Mar 2025 | 96.2 | 98.08 | 98.4 | 85.62 |
| 4 Apr 2025 | 86.8 | 88.49 | 84.0 | 73.05 |
| 11 Apr 2025 | 81.1 | 82.76 | 82.3 | 71.55 |
| 17 Apr 2025 | 85.3 | 87.01 | 86.6 | 75.32 |
| 25 Apr 2025 | 76.3 | 77.77 | 83.3 | 72.43 |
| 2 May 2025 | 78.1 | 79.63 | 84.9 | 73.80 |
| 9 May 2025 | 80.9 | 82.48 | 86.8 | 75.50 |
| 16 May 2025 | 81.8 | 83.42 | 86.7 | 75.42 |
| 23 May 2025 | 85.6 | 87.33 | 89.4 | 77.78 |
| 30 May 2025 | 78.8 | 80.38 | 81.9 | 71.22 |
| 6 Jun 2025 | 83.2 | 84.90 | 88.0 | 76.55 |
| 13 Jun 2025 | 87.5 | 89.27 | 93.9 | 81.65 |
| 20 Jun 2025 | 93.8 | 95.66 | 94.1 | 81.88 |
| 27 Jun 2025 | 74.6 | 76.05 | 82.1 | 71.40 |
| 4 Jul 2025 | 77.6 | 79.12 | 83.2 | 72.38 |
| 11 Jul 2025 | 83.8 | 85.44 | 87.3 | 75.95 |
| 18 Jul 2025 | 78.4 | 79.92 | 83.2 | 72.40 |
| 25 Jul 2025 | 77.1 | 78.65 | 84.0 | 73.05 |
| 1 Aug 2025 | 81.7 | 83.33 | 88.8 | 77.20 |
| 8 Aug 2025 | 77.6 | 79.09 | 88.8 | 77.24 |
| 15 Aug 2025 | 74.7 | 76.23 | 84.5 | 73.52 |
| 22 Aug 2025 | 81.5 | 83.14 | 89.8 | 78.08 |
| 29 Aug 2025 | 76.4 | 77.95 | 85.3 | 74.18 |
| 5 Sep 2025 | 79.2 | 80.75 | 85.6 | 74.43 |
| 12 Sep 2025 | 81.0 | 82.60 | 85.9 | 74.75 |
| 19 Sep 2025 | 80.6 | 82.18 | 87.3 | 75.95 |
| 26 Sep 2025 | 81.7 | 83.32 | 85.5 | 74.38 |
| 3 Oct 2025 | 80.3 | 81.87 | 94.0 | 81.71 |
| 10 Oct 2025 | 81.4 | 83.03 | 95.3 | 82.92 |
| 17 Oct 2025 | 80.2 | 81.75 | 95.6 | 83.12 |
| 24 Oct 2025 | 80.2 | 81.82 | 91.1 | 79.21 |
| 31 Oct 2025 | 79.3 | 80.86 | 91.7 | 79.78 |
| 7 Nov 2025 | 80.3 | 81.90 | 92.9 | 80.79 |
| 14 Nov 2025 | 81.0 | 82.65 | 95.0 | 82.58 |
| 21 Nov 2025 | 77.6 | 79.10 | 93.9 | 81.68 |
| 28 Nov 2025 | 73.8 | 75.24 | 94.6 | 82.24 |
| 5 Dec 2025 | 69.2 | 70.55 | 90.6 | 78.83 |
| 12 Dec 2025 | 70.8 | 72.22 | 94.2 | 81.93 |
| 19 Dec 2025 | 72.5 | 73.91 | 98.4 | 85.58 |
| 26 Dec 2025 | 71.8 | 73.25 | 98.1 | 85.32 |
| 2 Jan 2026 | 71.7 | 73.11 | 96.3 | 83.75 |
| 9 Jan 2026 | 69.5 | 70.84 | 95.2 | 82.83 |
| 16 Jan 2026 | 90.0 | 91.80 | 120.7 | 105.02 |
| 23 Jan 2026 | 96.3 | 98.26 | 122.5 | 106.56 |
| 30 Jan 2026 | 93.3 | 95.20 | 115.2 | 100.17 |
| 6 Feb 2026 | 80.6 | 82.18 | 95.4 | 83.00 |
| 13 Feb 2026 | 73.6 | 75.10 | 85.2 | 74.08 |
| 20 Feb 2026 | 75.3 | 76.82 | 85.0 | 73.90 |
| 27 Feb 2026 | 76.7 | 78.23 | 84.3 | 73.31 |
| 6 Mar 2026 | 131.6 | 134.17 | 116.8 | 101.63 |
| 13 Mar 2026 | 124.7 | 127.19 | 111.3 | 96.79 |
| 20 Mar 2026 | 147.0 | 149.97 | 122.4 | 106.42 |
| 27 Mar 2026 | 133.7 | 136.39 | 114.1 | 99.20 |
| 2 Apr 2026 | 123.5 | 125.95 | 110.3 | 95.90 |
| 10 Apr 2026 | 107.1 | 109.21 | 100.0 | 87.01 |
| 17 Apr 2026 | 94.2 | 96.12 | 94.7 | 82.39 |
| 24 Apr 2026 | 109.1 | 111.23 | 103.5 | 90.01 |
| 1 May 2026 | 108.9 | 111.06 | 106.9 | 92.98 |
| 8 May 2026 | 105.1 | 107.17 | 106.1 | 92.30 |
| 15 May 2026 | 120.4 | 122.82 | 118.0 | 102.62 |
| 22 May 2026 | 115.0 | 117.24 | 115.6 | 100.58 |
| 29 May 2026 | 108.1 | 110.23 | 114.6 | 99.66 |
| 5 Jun 2026 | 114.9 | 117.21 | 118.3 | 102.89 |
| 12 Jun 2026 | 109.8 | 111.95 | 113.5 | 98.70 |
| 19 Jun 2026 | 99.3 | 101.24 | 108.9 | 94.71 |
| 26 Jun 2026 | 95.8 | 97.67 | 104.5 | 90.89 |
| 3 Jul 2026 | 106.0 | 108.14 | 111.3 | 96.76 |
| 10 Jul 2026 | 114.5 | 116.74 | 117.5 | 102.20 |
| 17 Jul 2026 | 136.7 | 139.42 | 132.7 | 115.38 |
| 24 Jul 2026 | 149.1 | 152.04 | 146.2 | 127.18 |
| 31 Jul 2026 | 138.8 | 141.54 | 138.9 | 120.78 |
| 7 Aug 2026 | 133.5 | 136.12 | 133.1 | 115.74 |
| 14 Aug 2026 | 146.5 | 149.40 | 142.1 | 123.62 |
| 21 Aug 2026 | 160.3 | 163.46 | 147.9 | 128.68 |
| 28 Aug 2026 | 159.2 | 162.38 | 149.9 | 130.34 |
| 4 Sep 2026 | 175.4 | 178.90 | 160.8 | 139.89 |
| 11 Sep 2026 | 195.3 | 199.17 | 176.2 | 153.22 |
| 18 Sep 2026 | 193.0 | 196.86 | 176.3 | 153.34 |
| 25 Sep 2026 | 175.0 | 178.49 | 163.3 | 142.05 |
| 2 Oct 2026 | 185.3 | 189.01 | 176.5 | 153.49 |
Numbers from PEP-ICD chart data as of 3rd October 2026. Closing rates are indicative; live rates and the full chart suite are available through the TRIBARClient portal.