EU Gas Price Breaks €100 per MWh for First Time Since 2022
31 Articles
31 Articles
The European gas price has risen above 101 euros per megawatt hour, reaching another level not seen since 2022. What is even more worrying: based on futures quotes, the high price level may remain for a significant part of the winter, according to data from the ICE commodity exchange.
Since the beginning of the war in Iran its price has more than tripled and the reserves to face the winter are below what is recommended
Russia is outlawed as a supplier for the few cargoes from the Middle East. Europe has to expect a further price surge.
The Italian Innie ruled out the return of European gas prices to the peak of the 2022 crisis, although they reached 100 euros per metrowatt/hour, while "shill" earned $10.8 billion in quarterly profits in support of rising energy prices.
The European wholesale gas price briefly shot above €100 per megawatt-hour on Wednesday, a level not seen since December 2022. This price spike on the gas exchange is quickly impacting rates for households entering into a new energy contract or on a variable rate. From a Thursday...
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