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

European 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.

A warmer-than-expected start to winter in large parts of the world that could linger for weeks is easing fears over gas supplies that had been predicted to trigger outages and add to power bills.