European Gas Prices Decline in Early 2024
TTF Gas Futures Fall, EU Household Prices Remain High
Market Update and Analysis
According to trading on a contract for difference (CFD) that tracks the benchmark market, the WEB TTF Gas index has decreased by 0.83 EUR/MWh or 25.5% since the beginning of 2024. Despite this recent decline, the average price of natural gas for household consumers in the EU remains at 0.1187 EUR/kWh, based on data from the first half of 2023.
In comparison to global gas prices, European gas prices were on average 7% lower than Asian prices in the third quarter of 2023. Year-on-year, prices have declined in all major global gas price benchmarks, ranging from 8.3% to 9.1%.
Interactive Data Visualization
Eurostat has created a visualization tool that allows users to explore electricity and natural gas prices in the EU and other European countries in detail.
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