How Europe's gas prices fell from €300 to €35 MWh in one year
www.euronews.com
One year ago, European politicians were in a state of panic watching wholesale gas prices break all-time records. #EuropeNews
  • DessertStorms@kbin.social
    1·
    1 year ago

    Any relief we might get as customers - be sure they’re still gouging us for record profits.
    They’ve seen just how much they can get away with, they’re not going to go back.

    • Send_me_nude_girls@feddit.de
      1·
      1 year ago

      Same thing as with food prices at the store. They found out they can get away with reducing the content and doubling the price. This will now go on for conceivably future.

      • EnderWi99in@kbin.social
        1·
        1 year ago

        No it’s not a good comparison. The bulk food prices themselves are indeed sold on a similar commodity market, but the pricing of packaged goods is marked by companies selling those packaged goods. Oil and gas are sold at the rates bought and sold through futures contracts directly from the producers. You’re paying the rate the traders got it for, usually with a regulated mark up. If you’re buying from a private utility then you’re on your own buddy.

  • SHITPOSTING_ACCOUNT@feddit.de
    0·
    1 year ago

    For anyone wondering: still significantly above the pre-war price

    This brings the continent closer to the traditional patterns seen before the pandemic when prices, sustained by Russia’s abundant and cheap deliveries, used to reliably range between €15 and €25 MWh.

    • Che Banana@lemmy.ml
      1·
      1 year ago

      From a personal perspective, my restaurant energy bill (gas/electric) went from peak season August 1350€ last year to less than 800€. Anecdotal, but I absolutely needed to see lower pricing this year.