Natural gas prices have returned to their November 2023 level. The war in Ukraine, the first cold spell and conditions not conducive to renewables explain this rise in prices.
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Journalist at the Planet pole
On Bernard PadoanPublished on 11/21/2024 at 4:15 p.m.
Reading time: 1 min
AAfter months of (relative) stability in an average price range oscillating between 30 and 40 euros/MWh on the wholesale markets, natural gas has been experiencing a new surge in recent weeks.
At 48 euros/MWh, the Dutch TTF contract – the European benchmark listed in Rotterdam – had not been this expensive for exactly a year. Certainly, we are still very far from the peaks reached at the height of the energy crisis – more than 340 euros/MWh in August 2022. “We are not yet in a crisis situation, far from it”, tempers Maxime Sonkes, delegated administrator of the group purchasing platform Wikipower/Comparateur-Energie.be.
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