What is wholesale energy pricing UK?

Wholesale Energy Pricing UK sets the baseline for electricity bills. Suppliers don’t just buy power on the spot, most of it is secured in advance through futures contracts, a process known as hedging. This helps smooth out volatility and keep supply predictable, but when wholesale costs rise, households and businesses eventually feel it.

Who provides wholesale energy price data?

The two main energy data suppliers that also provide access to wholesale energy price data are Epex and Nordool. Are you curious to know what the wholesale energy prices actually are and how much your energy supplier is buying your gas and electricity for?

What factors influence UK wholesale energy prices?

Get the latest UK wholesale energy market trends with weekly price updates on electricity, gas, coal, and oil, plus key cost insights and headlines. Several factors influence the UK wholesale electricity prices including the intermittent nature of renewable energy, fuel costs, geopolitical events, weather conditions and supply and demand.

What are domestic energy price statistics?

These domestic energy price statistics focus on the average prices paid by households for their energy (predominantly gas and electricity) and the methods they use to pay for it. We present regional customer number proportions to illustrate the state of the UK domestic energy market. They provide data on:

How does wholesale energy cost affect a customer's Bill?

The cost of suppliers purchasing wholesale energy is the largest component of a customer’s bill. Wholesale prices can vary significantly compared to other components of a household bill. We take wholesale prices into account when setting the level of the price cap every quarter. Day ahead contracts show the price evolution in the spot market.

Where can I find wholesale energy prices?

However, if you are interested in keeping a close eye on wholesale energy prices, then you can purchase the data directly from energy suppliers OR use a data provider. The two main energy data suppliers that also provide access to wholesale energy price data are Epex and Nordool.