Energy: consumers cross their fingers for lower down payments
By Bernard Padoan
An last August, European consumers watched with dismay as the gas price curve soared to unprecedented heights, approaching the 350 euro/MWh mark on the Rotterdam market. Today, the anguish has given way to relief. Since last summer’s peak, the TTF contract for one-month delivery – which serves as a benchmark for establishing gas prices on the Old Continent – has lost more than 80%, appearing on Tuesday a little below the 60 euro mark. During the session, the TTF even traded at less than 52 euros/MWh for a few moments, before recovering.
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