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UK Energy Market Summary to Friday 10th April 2026
Closing prices 10.04.2026
British gas prices increased on Thursday as flows through the waterway stayed heavily constrained after the ceasefire, with minimal ship traffic and no LNG cargoes versus pre-conflict levels of around 130 crossings per day. However, price gains eased slightly after Israel indicated it would begin talks with Lebanon. The NBP spot contract rose by 1% to 3.92 p/kWh, while the Winter 2026 delivery contract advanced by over 2% to 4 p/kWh.
British gas prices declined as the US-Iran ceasefire remained in place on Friday, though market participants warned the situation could still prove fragile and unpredictable. The NBP spot contract declined by 2.6% to 3.82 p/kWh, while the Winter 2026 delivery contract tumbled by over 6% to 3.75 p/kWh.
At time of writing, European gas storage levels are 29% full, with the UK 35% full. European gas storage levels are trending at the low of the 5-year average. Over the past week, gas has accounted for 15% of the UK generation mix with wind accounting for 42%, solar 12% and nuclear accounting for 17%. Below summarises curve prices as at the close of business on Friday.
Curve UK Gas & Electricity Markets
Other Energy Markets
Oil prices fell on Friday, marking their steepest weekly drop since 2022, ahead of U.S.–Iran talks aimed at securing a permanent ceasefire. Despite the decline, prices stayed elevated as ongoing attacks, restricted flows through the Strait of Hormuz, and concerns over Saudi supply disruptions kept physical markets tight. Consequently, Brent crude edged 0.8% lower at $95.20 a barrel. WTI crude lost 1.3%, ending at $96.57 a barrel.
Carbon prices declined amid limited new catalysts and uncertainty surrounding upcoming policy updates. Sentiment was further pressured by concerns that proposed MSR reforms could affect allowance supply. As a result, the EUAs expiring in Dec-2026 lost 1.2%, settling at 72.84 EUR/tonne.