Energy

EU gas prices fall on vital renewables output.

Wednesday, February 2, 2022
EU gas prices fall on vital renewables output.

British and Dutch gas prices fell on Monday as gas for power demand decreased due to more substantial wind output and an outlook for higher temperatures. The Dutch day-ahead contract TRNLTTFD1 was down by €5.50 at €86.90 per megawatt-hours (MWh) by 10:25 GMT. Europe heating demand is relatively stable, while the gas for power forecast is softer due to stronger renewables output. Refinitiv data showed that higher wind output would reduce the gas for power need in Britain and Europe next week.

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