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Letzte Aktualisierung: August 31, 2022

Joint gas purchasing back on the EU agenda

The day after emergency measures were announced, electricity and gas prices have dropped. There is also movement on joint EU gas purchasing ahead of the emergency meeting of energy ministers.
Manuel Berkel
Manuel Berkel
Are they reassured or spooked now? In any case, the announcement by EU leaders on Monday seems to have made an impression in one place: the electricity and gas markets on the continent. Compared with the highs of Friday, prices fell sharply yesterday, as they did at the beginning of the week. The gas price for September fell from €339 to at times €250 per megawatt hour, the electricity price for the coming year from €985 to €610. According to energy experts, this could well be due to the Commission's announcements – or simply the bursting of a speculative bubble.
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