Wholesale gas prices turn higher across Europe as temperatures plummet

European natural gas prices rose as plummeting temperatures across the continent boost consumption and test fragile energy systems.

Wholesale prices increased as much 5% as the cold snap in northwest Europe is putting pressure on stock levels that have been built up for the winter. Still, reserves remain fuller than normal at about 91%, which together with ample supplies of liquefied natural gas is helping to keep gas prices in check.