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Wholesale electricity, updated daily

Wholesale electricity prices today

The GB wholesale electricity price, every day, from Elexon's market data. Latest full day: £223.31 per MWh on 31 Oct 2026. That's 22.33p per kWh.

Updated every morning. Latest data 31 Oct 2026

Latest day £223.31/MWh 31 Oct 2026
7-day average £173.56/MWh
30-day average £153.92/MWh Up 17.5% vs previous 30 days
Same 30 days last year £75.46/MWh Up 104.0% change since
Two-year trend

Are wholesale electricity prices rising or falling?

Wholesale electricity, 30-day average to 31 Oct 2026

£153.92/MWh

Rising

Wholesale electricity prices have risen 17.5% over the last 30 days and are above their 12-month average (+49%).

Wholesale electricity, 7-day rolling average, last 24 months 0 50 100 150 200 NovJan 25MarMayJulSepNovJan 26MarMayJulSep 173.56 Wholesale electricity, 7-day rolling average, last 24 months 0 50 100 150 200 Jan 25Jul 25Jan 26Jul 26 173.56

£/MWh

Show daily figures
DateWholesale electricity (£/MWh)
31 Oct 2026173.56
30 Oct 2026151.63
29 Oct 2026146.39
28 Oct 2026136.35
27 Oct 2026132.72
26 Oct 2026137.73
25 Oct 2026139.83
24 Oct 2026153.23
23 Oct 2026164.32
22 Oct 2026167.43
21 Oct 2026174.43
20 Oct 2026173.44
19 Oct 2026167.35
18 Oct 2026163.17
17 Oct 2026163.07
16 Oct 2026153.86
15 Oct 2026135.80
14 Oct 2026128.13
13 Oct 2026126.84
12 Oct 2026138.63
11 Oct 2026133.09
10 Oct 2026125.50
9 Oct 2026136.32
8 Oct 2026149.24
7 Oct 2026150.28
6 Oct 2026145.20
5 Oct 2026136.43
4 Oct 2026144.65
3 Oct 2026142.27
2 Oct 2026137.84
1 Oct 2026138.38
30 Sep 2026140.88
29 Sep 2026145.29
28 Sep 2026148.07
27 Sep 2026147.55
26 Sep 2026142.52
25 Sep 2026129.24
24 Sep 2026118.04
23 Sep 2026107.12
22 Sep 2026107.40
21 Sep 2026104.36
20 Sep 2026105.92
19 Sep 2026126.34
18 Sep 2026134.10
17 Sep 2026147.59
16 Sep 2026153.97
15 Sep 2026154.99
14 Sep 2026155.39
13 Sep 2026149.15
12 Sep 2026132.93
11 Sep 2026130.07
10 Sep 2026116.85
9 Sep 2026113.89
8 Sep 2026114.21
7 Sep 2026110.14
6 Sep 2026109.63
5 Sep 2026119.71
4 Sep 2026128.15
3 Sep 2026136.26
2 Sep 2026144.00

What this means for your renewal

Wholesale electricity prices have been climbing. New fixed contracts are priced from forward wholesale costs, so quotes tend to follow the market. If your contract ends in the next six months, it's worth getting quotes now: many suppliers will quote for a contract that starts when your current one ends, so you can lock in a price early.

This describes what has already happened in the market. It is not a forecast. Charts show a 7-day average of daily prices, updated every morning.

Daily prices

Wholesale electricity price, last 90 days

Daily volume-weighted average of half-hourly Market Index Prices, £/MWh. Divide by 10 for pence per kWh.

GB wholesale electricity price, daily, last 90 days 0 50 100 150 200 250 AugSepOct 223.31 GB wholesale electricity price, daily, last 90 days 0 50 100 150 200 250 AugSepOct 223.31

£/MWh

Show daily figures
DateWholesale electricity (£/MWh)
31 Oct 2026223.31
30 Oct 2026202.17
29 Oct 2026219.80
28 Oct 2026200.83
27 Oct 2026129.17
26 Oct 2026169.23
25 Oct 202670.38
24 Oct 202669.86
23 Oct 2026165.43
22 Oct 2026149.53
21 Oct 2026175.45
20 Oct 2026164.25
19 Oct 2026183.88
18 Oct 2026164.22
17 Oct 2026147.47
16 Oct 2026187.23
15 Oct 2026198.50
14 Oct 2026168.54
13 Oct 2026121.58
12 Oct 2026154.64
11 Oct 2026163.50
10 Oct 202683.01
9 Oct 202660.82
8 Oct 2026144.81
7 Oct 2026159.52
6 Oct 2026204.11
5 Oct 2026115.87
4 Oct 2026110.37
3 Oct 2026158.73
2 Oct 2026151.26
1 Oct 2026152.12
30 Sep 2026123.96
29 Sep 2026142.71
28 Sep 2026173.37
27 Sep 202693.77
26 Sep 2026127.67
25 Sep 2026155.06
24 Sep 2026169.59
23 Sep 2026154.87
22 Sep 2026162.16
21 Sep 2026169.74
20 Sep 202658.52
19 Sep 202634.74
18 Sep 202676.67
17 Sep 202693.13
16 Sep 2026156.87
15 Sep 2026140.84
14 Sep 2026180.69
13 Sep 2026201.47
12 Sep 202689.05
11 Sep 2026171.08
10 Sep 2026137.78
9 Sep 2026164.02
8 Sep 2026143.67
7 Sep 2026136.95
6 Sep 202687.98
5 Sep 202668.99
4 Sep 202678.55
3 Sep 2026117.06
2 Sep 2026166.30
1 Sep 2026115.18
31 Aug 2026133.34
30 Aug 2026158.58
29 Aug 2026128.07
28 Aug 2026135.28
27 Aug 2026171.22
26 Aug 2026149.43
25 Aug 2026132.27
24 Aug 2026136.86
23 Aug 2026104.36
22 Aug 202688.23
21 Aug 2026136.84
20 Aug 2026145.78
19 Aug 2026157.80
18 Aug 2026152.61
17 Aug 2026162.35
16 Aug 2026153.58
15 Aug 2026142.20
14 Aug 2026143.05
13 Aug 2026150.51
12 Aug 2026143.06
11 Aug 2026134.94
10 Aug 2026121.45
9 Aug 202692.27
8 Aug 202684.23
7 Aug 2026105.65
6 Aug 2026113.99
5 Aug 202675.55
4 Aug 2026119.87
3 Aug 2026126.40
2 Aug 2026131.86
1 Aug 2026109.49
31 Jul 2026127.70
Monthly averages

Wholesale electricity prices month by month

Averages of the daily figures since January 2023. The current month is month to date.

MonthAverage (£/MWh)Change on month
Oct 26£153.86+18.6%
Sep 26£129.75-0.5%
Aug 26£130.36+22.5%
Jul 26£106.42+8.6%
Jun 26£97.96-7.1%
May 26£105.49+31.2%
Apr 26£80.43-17.2%
Mar 26£97.18+19.1%
Feb 26£81.62-18.7%
Jan 26£100.42+31.7%
Dec 25£76.25-3.1%
Nov 25£78.68+3.9%
Oct 25£75.70+13.0%
Sep 25£67.00-6.2%
Aug 25£71.42-10.6%
Jul 25£79.86+18.9%
Jun 25£67.18-3.2%
May 25£69.37-9.3%
Apr 25£76.53-15.2%
Mar 25£90.26-13.2%
Feb 25£103.97-10.4%
Jan 25£116.10+26.3%
Dec 24£91.95-6.6%
Nov 24£98.42+14.6%
Oct 24£85.87+9.4%
Sep 24£78.53+36.1%
Aug 24£57.69-19.2%
Jul 24£71.44+2.0%
Jun 24£70.07-4.8%
May 24£73.58+45.7%
Apr 24£50.51-21.5%
Mar 24£64.38+7.0%
Feb 24£60.17-17.7%
Jan 24£73.14+5.0%
Dec 23£69.69-25.9%
Nov 23£94.10+5.3%
Oct 23£89.40+4.8%
Sep 23£85.27+3.9%
Aug 23£82.07+19.1%
Jul 23£68.89-20.7%
Jun 23£86.92+9.8%
May 23£79.15-21.0%
Apr 23£100.14-17.9%
Mar 23£122.04-11.8%
Feb 23£138.38-0.4%
Jan 23£139.01
Long run

Wholesale electricity prices since 2010

Monthly average day-ahead baseload electricity, £/MWh, from Ofgem's wholesale market indicators (updated quarterly, to 2026-06).

GB day-ahead electricity price, monthly average since 2010 0 100 200 300 400 Jan 12Jan 14Jan 16Jan 18Jan 20Jan 22Jan 24Jan 26 107.48 GB day-ahead electricity price, monthly average since 2010 0 100 200 300 400 Jan 12Jan 14Jan 16Jan 18Jan 20Jan 22Jan 24Jan 26 107.48

£/MWh

Show monthly figures
DateDay-ahead electricity (£/MWh)
1 Jun 2026107.48
1 May 2026104.18
1 Apr 202689.67
1 Mar 202694.66
1 Feb 202679.28
1 Jan 202697.30
1 Dec 202574.71
1 Nov 202581.12
1 Oct 202574.54
1 Sep 202572.14
1 Aug 202571.33
1 Jul 202581.15
1 Jun 202571.70
1 May 202579.46
1 Apr 202581.13
1 Mar 202589.62
1 Feb 2025104.76
1 Jan 2025125.54
1 Dec 2024100.74
1 Nov 2024104.58
1 Oct 202488.96
1 Sep 202473.25
1 Aug 202463.03
1 Jul 202469.99
1 Jun 202477.00
1 May 202472.34
1 Apr 202459.80
1 Mar 202464.59
1 Feb 202460.69
1 Jan 202473.34
1 Dec 202369.25
1 Nov 2023102.17
1 Oct 202383.31
1 Sep 202384.39
1 Aug 202390.44
1 Jul 202382.44
1 Jun 202387.74
1 May 202382.32
1 Apr 2023106.42
1 Mar 2023109.84
1 Feb 2023136.87
1 Jan 2023132.43
1 Dec 2022280.02
1 Nov 2022133.06
1 Oct 2022121.62
1 Sep 2022268.39
1 Aug 2022363.71
1 Jul 2022267.74
1 Jun 2022173.11
1 May 2022116.52
1 Apr 2022180.96
1 Mar 2022263.79
1 Feb 2022166.37
1 Jan 2022206.88
1 Dec 2021262.52
1 Nov 2021209.55
1 Oct 2021192.47
1 Sep 2021230.66
1 Aug 2021108.58
1 Jul 202194.51
1 Jun 202179.31
1 May 202178.04
1 Apr 202169.38
1 Mar 202157.18
1 Feb 202156.46
1 Jan 202190.94
1 Dec 202059.57
1 Nov 202046.83
1 Oct 202044.65
1 Sep 202045.30
1 Aug 202037.88
1 Jul 202031.28
1 Jun 202028.42
1 May 202024.13
1 Apr 202024.01
1 Mar 202033.22
1 Feb 202032.04
1 Jan 202035.93
1 Dec 201939.94
1 Nov 201946.04
1 Oct 201937.74
1 Sep 201937.32
1 Aug 201939.62
1 Jul 201941.86
1 Jun 201939.40
1 May 201941.35
1 Apr 201943.87
1 Mar 201944.96
1 Feb 201950.27
1 Jan 201962.55
1 Dec 201864.32
1 Nov 201862.19
1 Oct 201864.76
1 Sep 201867.69
1 Aug 201861.94
1 Jul 201857.61
1 Jun 201854.00
1 May 201854.25
1 Apr 201850.74
1 Mar 201856.79
1 Feb 201853.68
1 Jan 201850.84
1 Dec 201756.18
1 Nov 201751.45
1 Oct 201746.68
1 Sep 201747.17
1 Aug 201743.34
1 Jul 201743.05
1 Jun 201739.68
1 May 201741.24
1 Apr 201742.10
1 Mar 201741.99
1 Feb 201749.49
1 Jan 201753.37
1 Dec 201649.87
1 Nov 201667.54
1 Oct 201656.03
1 Sep 201651.13
1 Aug 201636.51
1 Jul 201638.40
1 Jun 201637.51
1 May 201634.61
1 Apr 201634.37
1 Mar 201634.76
1 Feb 201633.85
1 Jan 201636.95
1 Dec 201535.07
1 Nov 201538.01
1 Oct 201540.29
1 Sep 201542.04
1 Aug 201540.86
1 Jul 201542.20
1 Jun 201541.66
1 May 201541.21
1 Apr 201543.97
1 Mar 201540.91
1 Feb 201542.86
1 Jan 201539.86
1 Dec 201443.96
1 Nov 201448.43
1 Oct 201444.81
1 Sep 201443.28
1 Aug 201437.95
1 Jul 201435.46
1 Jun 201436.67
1 May 201439.62
1 Apr 201441.77
1 Mar 201444.41
1 Feb 201445.15
1 Jan 201447.67
1 Dec 201350.81
1 Nov 201353.05
1 Oct 201348.22
1 Sep 201349.63
1 Aug 201347.31
1 Jul 201348.73
1 Jun 201347.31
1 May 201348.89
1 Apr 201351.30
1 Mar 201362.90
1 Feb 201351.44
1 Jan 201349.96
1 Dec 201249.76
1 Nov 201249.00
1 Oct 201247.60
1 Sep 201243.39
1 Aug 201241.21
1 Jul 201242.71
1 Jun 201242.24
1 May 201243.79
1 Apr 201245.91
1 Mar 201245.64
1 Feb 201249.10
1 Jan 201242.17
1 Dec 201143.54
1 Nov 201146.15
1 Oct 201146.83
1 Sep 201148.32
1 Aug 201147.36
1 Jul 201147.96
1 Jun 201150.82
1 May 201150.27
1 Apr 201150.88
1 Mar 201151.41
1 Feb 201146.47
1 Jan 201148.43
1 Dec 201058.03
1 Nov 201046.40
1 Oct 201043.50
1 Sep 201041.12
1 Aug 201039.95
1 Jul 201043.53
1 Jun 201042.18

What drives wholesale electricity prices?

Gas is the biggest single influence. Gas-fired power stations often set the marginal price of electricity in Great Britain, so wholesale electricity tends to follow the gas market.

Wind, solar and demand

Windy, sunny days with low demand bring more cheap renewable power onto the system and push prices down, sometimes sharply. Cold, still evenings do the opposite.

Supply and interconnectors

Power station outages, nuclear availability and flows over interconnectors to Europe and Norway all move short-term prices.

Carbon costs

Gas-fired power stations pay for their emissions under the UK Emissions Trading Scheme and the Carbon Price Support, which adds to the cost of fossil-fuelled electricity.

What wholesale electricity prices mean for your business

Suppliers price a new fixed contract from forward wholesale prices for the period you'll be supplied, then add network charges, policy costs, metering, their own costs and margin, and any broker commission. A quote requested today reflects today's market; prices on an existing fixed contract don't change until renewal.

If your contract ends in the next few months, watch the 30-day trend above and get quotes early. See what businesses actually pay for electricity, or read how wholesale prices work.

See today's electricity prices for your business

Use and cite this data

You're welcome to use these figures in articles, reports and presentations. Please credit Business Energy Expert with a link to this page.

Business Energy Expert (2026) UK wholesale electricity price tracker. Available at: https://www.businessenergyexpert.com/market-data/wholesale-electricity-prices/ (Accessed: 1 Nov 2026).

Download: Daily data (CSV) · Daily data (JSON)

Original sources

Contains BMRS data © Elexon Limited copyright and database right 2026. Daily volume-weighted average of half-hourly Market Index Prices (APX provider).

Also see: Wholesale gas prices · Business Energy Price Index · All market data

Live grid

What is powering the grid right now?

Wholesale prices follow what is generating. This updates live from the National Energy System Operator.

FAQs

Wholesale electricity price FAQs

What is the wholesale price of electricity today?

The latest full day of data (31 Oct 2026) averaged £223.31 per MWh, about 22.33p per kWh. The 30-day average is £153.92 per MWh. This is the GB Market Index Price from Elexon, volume-weighted across the day.

How much of a business electricity bill is wholesale cost?

Wholesale energy is usually the largest single part of a business electricity price, but a large share is also network charges, policy costs, metering and supplier costs. That is why business prices per kWh are well above the wholesale price. See non-commodity costs.

Why is wholesale electricity linked to gas prices?

Gas-fired power stations often set the marginal price of electricity in Great Britain, so when gas gets more expensive, wholesale electricity usually follows. On windy, low-demand days cheaper renewable generation can push prices well down.

Why do daily prices swing so much?

Short-term prices respond to weather, wind and solar output, demand, power station outages and interconnector flows. The 7-day and 30-day averages give a better sense of direction.

Is this a forecast?

No. These are prices that have already happened. We publish them so you can see the trend when deciding when to fix a contract.

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