Power - UK Baseload (EEX) Prices

30-01-2026 - Over the past month, the UK Baseload (EEX) price has seen a notable increase, rising from £75.2/MWh to £94.09/MWh. This significant upward movement suggests increased demand or supply constraints in the raw material market, possibly influenced by broader market dynamics and seasonal factors. However, the forecast anticipates a decrease to £90.18/MWh, a 4.2% drop from the current price, indicating a potential downward trend. This forecasted decline highlights the risk of market volatility impacting raw material prices.

The forecast also predicts a price reduction of £1.5/MWh, driven by demand from the global economy. Yet, there is conflicting data, as indicators such as 'Flows' and 'Technical' suggest upward price pressure, while 'Demand' points to a downward trend in raw material prices.

Additionally, an analysis by Vattenfall offers a bearish outlook for the EEX Power market in December 2025. Despite initial bullish trends in the spot electricity market, spurred by cooler temperatures and low wind feed-in, forward market prices have been declining. This perspective contrasts with the forecast, which predicts a price decrease to €90.18/MWh, highlighting differing opinions from external sources.