UK Wholesale Electricity Prices (2021–Present)

These figures show weekly average wholesale electricity prices in Great Britain from 2021 to the present.
They reflect the prices paid by electricity suppliers in the wholesale market and are updated weekly.

Wholesale power prices are a key driver of retail electricity price volatility, particularly around contract renewal periods. Reviewing longer-term trends can help businesses understand market cycles, assess timing risk, and avoid locking in during short-term price spikes.

If you require market-close or live price data, our Energy Intelligence service provides deeper visibility into wholesale movements. If you’re approaching renewal, our procurement service helps translate market conditions into competitive contract outcomes.

All information is provided as is.

All prices are in £ per MWh. Source: Ofgem – analysis of broker data. Weekly averages, updated monthly – Last Updated: 02/2026

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    If you’re looking to compare wholesale gas and power prices, this page compares both in pence per kWh.

    Are you a writer or journalist looking for comments and views on wholesale energy prices, the major energy suppliers, broker regulation or government energy policy? We can help you.

    Investing or trading gas, power or carbon? The team at Energy Marketing and Trading can help.