Gas prices to treble this winter, Goldman Sachs predicts

Bank predicts higher has prices are on their way

William Mata
Tuesday 09 May 2023 15:53 BST
<p>Gas prices are at a low but could rise </p>

Gas prices are at a low but could rise

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.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in