European gas prices surpass €100 per megawatt-hour for first time since 2022
European natural gas prices rose over 4% today, exceeding €100 per megawatt-hour for the first time since 2022, though still below previous record highs.
Key Takeaways
AIEuropean natural gas prices rose by more than 4% today, surpassing €100 per megawatt-hour for the first time since 2022.
Despite the increase, prices remain below the 2022 peak of €345 per megawatt-hour. Growing reliance on renewable energy is expected to limit the impact of higher gas prices on electricity bills.