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Euronews

Doloresz Katanich

Europe’s gas prices are surging. Who will be the first to pay more?

European Union Europe Gas Prices Oxford Economics Economy Germany Netherlands Austria

Gas and electricity bills could increase in Europe this winter if wholesale prices remain elevated long enough to feed through to consumers.

The benchmark European wholesale natural gas price, the Dutch front-month TTF, was trading at over €66 per megawatt-hour (MWh) later on Tuesday, down from above €68 earlier in the session. This compares with around €29/MWh at the beginning of the year.

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