In our monitoring of the wholesale energy market for gas and electricity, we collect and analyse a large range of data. Our wholesale indicators give a snapshot of this monitoring. They are derived from our monitoring framework which underpins our ongoing monitoring and annual assessment of the wholesale energy market in Great Britain. You can view the assessments in the related publications section below.
Wholesale highlights at January 2017
- Wholesale gas prices remained steady in Q3 2016, while electricity prices rose and were more volatile. See Wholesale price trends.
- GB continues to receive its gas supplies from a diverse range of sources. In 2015 around 36% came from GB North Sea fields and 39% came from Norway. LNG supplies were around 25% higher in 2015 compared to 2014. See Security of supply.
- Coal’s share of the electricity generation mix continued to decline in Q3 2016. May 2016 saw several hours where no electricity was generated from coal for the first time since 1882. Wind and solar output grew significantly in 2015. See Security of supply.
Our interactive wholesale market indicators
Select from the below to view the indicators in detail and for an overview of our monitoring themes.
If you have feedback on the indicators, please contact us.
The wholesale price of gas and electricity are key market outcomes that have a significant impact on retail bills. Understanding how and why wholesale prices have changed help us understand why retail bills have changed. Wholesale costs currently make up about 50% of the average annual retail bill, but this proportion is set to fall.
Ensuring there is sufficient gas or electricity to meet demand is a key outcome of the energy market. It provides consumers with certainty they can get heat and power when they require it, and helps drive economic activity.
Highly liquid markets imply developed markets where it is easy to buy and sell energy at reliable prices. Liquid markets should have sufficient numbers of participants willing to buy and sell so that prices are not easily moved by a few small trades.
The amount of competition in the energy market can have a strong impact on final wholesale prices. The more pressures there are from companies competing with one another, the more likely the wholesale market will reflect the true economic costs to supply energy.
A more sustainable energy market has significant impacts on levels of pollution and greenhouse gas emissions. Investment is also essential to ensure that the market can meet the demands of current and future consumers.
We have selected this range of indicators to support general understanding of market outcomes, to provide a picture of the market where it is not produced elsewhere, or where there is scope for us to set a clear methodology for the data.
Our data comes from sources that are either publicly available, provided by third parties or from Ofgem information requests. Specific sources and relevant dates are listed with each indicator. We are grateful to third parties for allowing us to reproduce their data.
We will review the indicators periodically to ensure they continue to help promote transparency and understanding of the wholesale energy market.
These market indicators and data are not intended for use or to be relied on for any commercial purposes. View copyright and disclaimer