Wholesale gas prices fall 3.5% despite cold snap setting in this week

Continental European prices fell 3.5% and wholesale prices in the UK fell as much as 4.5% on Monday.

European wholesale gas prices fell by 3.5% as huge storage levels across the continent boosted confidence for supplies despite the onset of a testing cold snap this week. 

Continental European prices fell 3.5% and wholesale prices in the UK fell as much as 4.5% on Monday amid increasing confidence the continent will have a record volume of gas still in storage, resulting in downward pressure on prices.