Joint gas purchasing back on the EU agenda

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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