Please see below the latest YPO update on the Quarter 1 Electricity basket performance.
Q1 2026_ Power Basket Trading & Performance
April 2025/2026:
Overview:
The achieved commodity price on the Annual Baseload position under the current Apr-25 basket is
8.58p/kwh. (This is a 20% decrease from the previous Apr-24 achieved price of 10.76p/kwh).
Graph 1 – Hedged Position (24-Month Overview)
(The amount of volume purchased during contract term is highlighted in red, with the blue representing open position to purchase against the open wholesale power market)
The forward Apr-26 contract overview demonstrated below provides an estimated commodity forecast within our forward Apr-26 contract. The basket forecast provides an average annual hedged position, alongside the current commodity weighted average price in
p/kwh, with an overall % change from the previous year.
Note: These figures are based on our fixed versus open positions as of:
10th December 2025.
April 2026/2027:
Overview:
2026-2027 Percentage Covered to Date by Month:
(Sum-26 purchased 100% versus 100% of Win-26)
The weighted average price currently sits at 7.77p/kwh with an overall hedged position of 100%. As of
2nd March 2026, this is a 10% decrease from the current April 2025 contract.
As we are 100% hedged for power out until the current framework end date of 31/03/2027, our risk management and trading strategy has helped to protect against sharp rising markets following the escalations in conflict in and around Iran.
Additional non commodity charges:
A breakdown of non commodity costs can be found following the below link:
Understanding non-commodity costs | YPO
Following the YPO/ Npower Customer session we have received some further updates on the expected non commodity charges increases.
As Government are working on trying to get sources of electricity 95% clean by 2030, there is substanstial investment being made into networks and this has a knock on affect with TUos (Transmission) charges increasing.
There is also the introduction of a new Nuclear RAB charge.
Further to the above increases, there will also be an increase in Climate Change Levy (CCL)
Further information can be found below:
Climate Change Levy rates - GOV.UK
Billing rates are expected to be confirmed by Npower and issued to customers in the coming weeks.
Future outlook:
The current conflict in the Middle East is mainly having a significant impact on immediate prices, YPO have volume purchased to cover customers up to 31st March 2027 with a weighted average price of 7.77p/kwh (Commodity only) from 1st of April
this year. This means that YPO customers are covered for the year 26/27 and there will be no impact on prices due to the 100% forward purchase of electricity volumes during this period.