The price of a common contract for gas in Europe exceeded record values in March.
The cost of gas in Europe rose to a record level in August, writes Bloomberg.
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Thus, the price of a standard contract increased by 6.7% and reached 241 euros per megawatt hour, which is higher than the record highs in March.
European natural gas futures continued to rise to record highs as the region’s energy crisis deepens and there are signs that the fuel is becoming too expensive for industrial use and power generation.
It has been determined that prices are about 11 times higher than usual at this time of the year.
As a result, spending by households and businesses is rising against a backdrop of record inflation in decades.
Since the beginning of the week, the price of gas in the European market has increased by more than $400. Today gas is trading above $2,500 per thousand cubic meters.
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Source: korrespondent
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