Positive news comes from the Dutch stock exchange, which is the most important benchmark for gas prices in Europe. Contracts for raw material on Monday morning fell by over 8%. This is a big discount. Gas costs around EUR 175 per MWh.
We have been dealing with the decline in gas prices for a long time. In effect fuel price has fallen to its lowest level since July 25. It is worth noting, however, that gas in the Old Continent still costs over seven times more than the average for this season of the year.
Falling quotations, experts explain, among others systematic filling of gas storage in the EU – 85.6 percent was reached. compared to the five-year average for this season of the year at the level of 84.2 percent. In Germany, warehouses are 89.7% full, in France it is 95.3%, in Italy 87.2%, in the Netherlands 86.3% and in Spain 87.7%.
In Poland, gas storage facilities are already 98.6 percent full.83.9% in the Czech Republic and 69.4% in Hungary.
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All this is aimed at the best possible preparation for the heating season. From October 1, gas demand is expected to increase in Europe. Germany, Great Britain and other countries in Europe plan to spend billions of eurosto reduce its dependence on Russian gas importssave local utilities and cut energy prices to help businesses and households.
Bloomberg writes about plans being developed by the British government. I want to halve the energy rates for many companies, as part of the £ 40bn support package being finalized by Prime Minister Liz Truss.
On the other hand France plans to limit energy price increases for households to 15%. from next yearwhich, according to finance minister Bruno Le Maire, will cost the government EUR 16 billion net in 2023.