Gas prices to treble this winter, Goldman Sachs predicts

Bank predicts higher has prices are on their way

Gas prices are at a low but could rise

(PA Wire)

Gas prices have been predicted to nearly treble this winter across Europe.

Goldman Sachs has forecast that prices could rise beyond €100 per megawatt hour in the second half of 2023 - a threefold increase from the present rate of €36.

It comes as prices have fallen in both Asia and Europe, the Telegraph reported, after demand has been lower following a mild winter, strong inflows of natural gas, and stockpiling. Households have also been incentivised to use less gas.