MADRID, 17 Oct. (EUROPA PRESS) –
The European natural gas futures contracts, which are traded on the Dutch platform TTF, have fallen an additional 5% this Monday, which adds to the downward streak that they have registered since the end of August, coinciding with the fact that this week the Member States of the European Union to finish deciding measures to reduce the prices of electricity and gas for the winter.
Specifically, gas futures contracts reached a price of 134.5 euros per megawatt hour (MWh) this Monday, which is 5.3% less than at the close of Friday’s session.
Likewise, the price registered in the markets is 60% lower than the last maximum peak, registered on August 26, when the price reached 342 euros per MWh.
Despite this large drop, the contracts are still at price levels much higher than those registered before 2021, when the markets fluctuated between 3 and 30 euros per MWh.
Just over a week ago, the Heads of State and Government of the European Union urged the European Commission to submit “clear” and detailed proposals to intervene in the energy market and contain the rise in prices, as well as to encourage the reduction demand and facilitate joint gas purchases. Brussels plans to present this package of measures this Tuesday.
Subsequently, the Twenty-seven examine these measures at the next European summit that will meet again on October 20 and 21.
