gas prices

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Global gas prices plummeted in early April

Reduced demand after the end of the heating season in Europe and North America contributed to the price correction

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Electricity prices in Europe fell significantly in March

Last month, the weighted average price for DAM in Ukraine amounted to €121.4/MWh

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European gas prices partially recovered from February’s decline

The driver was the statement by the German Ministry of Economy

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Ukraine on the verge of gas crisis and price hikes for industry

Businesses warn of rising costs and loss of competitiveness amid new tariffs

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European electricity markets will have high supply in Q2

The likely increase in demand in April-June is forecast to be insignificant

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Türkiye has increased gas prices for industry by 20% since October

The last time gas prices in Turkiye increased in September 2022

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EU leaders agree on measures to combat energy crisis

The package of specific measures presented by the European Commission has not yet been approved

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Electricity prices in Italy increased by 2.3 times from the beginning of 2022

In August 2022, the average spot price for electricity in Italy was €537 per MWh, compared to €229.6 per MWh in January 2022

European steelmakers to help politicians overcome the energy crisis – EUROFER

Current gas and electricity prices threaten the viability of the industry in Europe, the association believes

Eurofer
EUROFER calls on the EU to take urgent action to overcome the energy crisis

Steelmakers and industrialists from other energy-intensive industries emphasize the impossibility of continuing production in Europe under current conditions

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Gas prices in Europe increased against the backdrop of Russia’s refusal to launch the gas pipeline

The rise in prices was short-term, as high gas reserves in the EU allow for a quick response to panic in the market