What’s Driving Energy Prices Right Now – and What Should Your Business Do About It?

If energy markets feel uncertain right now, it’s because they are.

In 2025, businesses face a complex cocktail of global politics, supply constraints, and regulatory shifts that make predicting prices more difficult than ever. But while you can’t control the market, you can control how your business responds.

At Indigo Swan, we help our clients navigate the chaos with clarity and confidence. Here’s a breakdown of what’s driving energy prices right now, and what smart businesses are doing about it.

Geopolitical Uncertainty

From the ongoing war in Ukraine to growing speculation around a US peace-brokered deal involving Trump, Zelensky and Putin, global tensions continue to ripple through energy markets.

• Russia sanctions still influence supply routes and gas costs.
• A potential peace deal could ease prices, or create more volatility depending on trade and infrastructure reactions.
• With China a major oil buyer, US-China trade talks are also having knock-on effects on the global oil market.

Supply & Storage Pressures

Closer to home, the picture isn’t much calmer:

• EU gas storage levels are lower than this time last year, putting pressure on wholesale prices ahead of winter.
• Low wind generation in the UK has reduced the supply of cheap renewable energy, again increasing reliance on more expensive sources.

TNUoS & Standing Charges – What You Might Not Know

Beyond the headlines, regulatory changes are creeping in, most notably around TNUoS (Transmission Network Use of System Charges).

• TNUoS affects your standing charges, which have risen significantly for many businesses.
• Changes in the RENA methodology (Revenue = Expenditure + Network Adjustments) are creating further complexity, particularly for larger sites with half-hourly meters.

These changes are technical but they directly impact your bills. At Indigo Swan, we help demystify these charges and ensure you’re not caught off guard.

So, What Should Your Business Do?

1. Know When Your Contract Ends

Don’t get caught out. Treat your energy contract like you would buying foreign currency before a holiday; you wouldn’t leave it until the airport.

Plan early, shop the market, and use our Price Projector to forecast what lies ahead.

2. Look Beyond Just Price

In volatile markets, it’s tempting to chase the lowest rate. But that can leave you locked into contracts with poor service, inflexible terms, or standing charges you didn’t expect.

We give you the full picture, not just the headline rate.

3. Be More Efficient

Now more than ever, efficiency is your first line of defence.

• Monitor usage with smart meters
• Analyse trends
• Cut unnecessary consumption

Reducing your energy usage isn’t just good for your carbon footprint, it’s a powerful tool for cost control.

Let’s Change Energy, Together

The energy landscape is changing fast. You need a partner who not only understands the market but helps you act on it.

At Indigo Swan, we help our clients buy better energy. That means navigating complexity, avoiding hidden costs, and building a strategy that fits your business not someone else’s sales target.

If you’re ready to stop reacting and start planning, we’re here to help.

If you enjoyed reading this blog, why not try one of our others:

• Green Energy That Makes Business Sense

• Fixed vs Flexible Contracts

• LNG is on the move