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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Wholesale gas prices fall as Europe’s plan to avert winter energy crisis takes shape

European Union Europe Gas Prices European Commission Robert Habeck Electricity Gazprom Wood Mackenzie
Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline
Gazprom said it would return the Nord Stream 1 pipeline to service after a three-day maintenance shutdown that began on Wednesday. Photograph: Hannibal Hanschke/Reuters

Wholesale gas prices have tumbled amid signs that European leaders’ plans to avert a winter energy crisis are taking shape.

The price of gas for delivery on Friday dropped 21% from Wednesday’s night’s price of 405p per therm to 320p, as the European Commission confirmed it was working on “emergency measures” and the German government said it was “prepared” for the winter.

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