Crisis update: TTF gas price dives below €60/MWh

A new week opened yesterday with a solid drop in the gas price by about nine percent. This put the gas price below €60 per megawatt-hour at the Title Transfer Facility on Monday morning. The electricity price is going up quite a bit, as already announced. In this crisis update, we list the energy developments again.

TTF gas price for February 2023 to 13 January. Monday morning, 16 January, the gas price is again below 59 euros per megawatt hour. On Friday, the gas price closed at 64 euros. Click here for current figures.

The TTF day-ahead gas price is equal to the February contract price. However, the post-February contract price is still above 60 euros on Monday morning. From the summer months, there is only a price drop of about two percent.

The APX day ahead electricity price rises from Sunday to Monday to over 133 euros for base hours. Peak hours do over 162 euros per megawatt hour. BELPEX prices are 136 and 162 euros.

At BNR, we come across a report that a large gas field has been found off the coast of Egypt. Italian gas company Enil says the gas is extractable with the company's installations already in place. Qatar, a country with plenty of fossil fuels in the ground, meanwhile, predicts "wildly fluctuating gas prices for years to come." BNR also spoke about this.

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