This summer, the price of natural gas could fall below zero euros in parts of Europe thanks to the combination of abundant supply and weaker demand.
Why is this important?
After the start of the war in Ukraine, the price of natural gas in Europe skyrocketed, reaching a peak of 339 euros per megawatt hour (MWh) in August 2022. Since then, it has fallen by more than 90%, due to a combination of measures aimed at reducing consumption and a higher supply than expected. At the time of writing, the price of natural gas on the main Dutch TTF market is slightly below 26 euros per MWh.In the news : If demand remains low and enough electricity is produced from renewable sources, the natural gas price will reach a new low during the summer. This was stated at Bloomberg several energy industry insiders.
- The TTF price might never drop below zero euro, but in some parts of Europe the price Day Aheadi.e. the price of electricity for the next day, risks going into d
This premium article is for subscribers only
Become a subscriber and get immediate and unlimited access to all articles. Now from 1.99€/month.
Already subscribed? Login and get access to all premium items.
Related posts:
a quarter of a million households have been waiting for their annual statement for months, “people d...
Troubleshooting Traffic Jams at P+R Belval: Solutions and Updates
Web department store V&D is struggling with money problems | Economy
[주간증시전망] Stock market requiring risk management
Bitcoin Price ( BTC ) Today Crypto Coin News 20 November 2022 Latest
Report abusive WOM credit in cell phone contract
Budget Minister: "We take Fitch's warning seriously"
Larry Ellison's Keynote Unveils the Future of Tech and AI