January 2026: what's impacted energy prices?

In this month’s update, Dave Rose from npower Business Solutions (nBS) speaks with Emma Trevor (nBS) to unpack the key drivers shaping January’s energy markets. 

With winter weather steering the outlook more than anything else, Emma explains how fluctuating temperatures have been the primary influence on gas and power demand. At the same time, shifts in global liquefied natural gas (LNG) flows and renewed geopolitical tensions have added some pressure to market sentiment. Emma also outlines what businesses should be watching most closely as we head into February.