John Kemp: Gas price slide allows power generators to lock in much lower costs    

Gas contracts allow utilities, industrial users, and generators to lock in prices for the year-ahead at €34, down from €52 in 2023, and €117 in 2022

Europe’s gas inventories are on course to end the winter at or near a record high as mild temperatures across the continent fail to erode the enormous surplus inherited from last winter.

Inventories across the EU and Britain amounted to 996 terawatt-hours on December 31, a seasonal record, according to data compiled by Gas Infrastructure Europe.  Stocks were above the prior 10-year average and the surplus had swelled since the so-called heating season started in October.