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Energy Market Update: What happened in Q1 2026?

Join our Risk Director as he explores the recent energy market updates and discusses the challenges of energy purchasing in Q1.

Price volatility increased by 700% compared to the last quarter, posing a significant risk to energy purchasing.

Q1 is generally perceived as the ‘problem quarter’ due to colder temperatures and lower storage supplies. When this is combined with geopolitical events such as the US-Iran conflict, energy markets can become even more unpredictable.

Energy volatility can affect your organisation whether you are on a fixed or flexible contract. To avoid unwelcome financial impacts, it’s vital to stay ahead of market fluctuations and regularly review your energy buying strategy.

Our experts can help protect you from price shocks during this turbulent time and support you in making informed energy decisions based on your needs, budget and risk appetite.

What happened in the first quarter of 2026?

Join Dan Turvey, Inspired’s Director of Risk, as he discusses the challenges of energy purchasing in Q1, examines current drivers and market updates and offers recommendations for those on fixed and flexible contracts.

Chapters 

00:33 – Why is energy purchasing so challenging in Q1?

06:36 – What happened to prices in the last quarter and what were the key drivers?

All information is correct at the time of recording on 07/04/2026.

To discuss the best procurement options for your business, please contact a member of our team on 01772 689 250 or email [email protected].