Flagship Energy’s Mike Stafford Energy Markets Update – 11th December 2025

Bearish movement has continued across UK gas and power markets over the last week, with gas prices further along the curve now striking 44-month lows. Power prices for the same periods saw milder downward movement, but still struck lows not seen since April 25 in the aftermath of the Trump administration’s tariff announcement. Gas and power for Q1 26 each hit a new all-time low on 10th December, although front month prices proved a little more resistant to bearish pressure, finding suppor