Energy Market Review and Lookahead: What influenced electricity and gas prices in the final quarter of 2025?
Energy Market Review and Lookahead Q4 2025 outlines what has driven electricity and gas prices recently.
Continuously subject to sudden movements, energy prices are driven by various factors such as the weather, geopolitics and global supply and demand.
This means that events on the other side of the world can have an instant impact to the price of electricity and gas here in the UK.
Informed and impactful energy procurement decisions must be founded in the latest market information. This is why Inspired’s experts continuously monitor and analyse global energy markets to form expert insights – helping to inform our clients’ energy decision-making in turn.
The latest edition of Inspired’s expert market insights, Energy Market Review and Lookahead Q4 2025, offers an extensive overview of what has driven electricity and gas prices recently and our latest buying recommendations as we enter 2026.
What are some of the key market insights of Q4 2025?
- Gas and baseload prices traded lower than in the previous quarter – reflecting a difficult end of the summer of heatwaves and weak wind, and a mild beginning to the winter.
- Europe has been receiving record imports of liquefied natural gas – largely offsetting concerns around European storage entering the winter weaker and seeing some strong depletion towards the backend of the quarter.
- Although significant progress has not been made yet, Russia-Ukraine peace talks still encouraged speculators to sell – contributing to the downwards trend for the market.
If you would like to see more of our experts, you can watch Inspired’s Daniel Turvey and Lewis Godfrey discussing Q4 2025 in the most recent energy market update – the recording is available here.
The information in our Energy Market Review and Lookahead is correct at the time of publishing. You can download your copy by filling in the form below.
