The Latest Breaking News from Gas Prices

Oil cartel agrees 100,000 barrels/day cut to production; wholesale gas prices jump after Russia keeps a key pipeline to Europe closed

Operator Energoatom says last transmission line cut because of a fire caused by shelling; EU and Ukraine sign aid deal

Russia kept one of its main gas supply routes to Europe shut on Saturday, stoking fears of winter fuel shortages and spotlighting differences between Gazprom and Germany's Siemens Energy over repair work on the pipeline. Already struggling to tame soaring gas prices, European governments had expected the Nord Stream 1…

As ordinary French people fret over the rising cost of living, the government is under pressure to levy a windfall tax on energy firms that have reaped the benefits of higher oil and gas prices pushed up by the war in Ukraine. While the government is divided, PM Elisabeth Borne…

A switch from outdated wholesale pricing deals will require a government that can face down vested interests

Idea would separate the cost of electricity produced by nuclear and renewable sources from generation by gas

Experts have called for the price of power made by wind turbines to be split from the cost of gas.

It marks the third time this year that Electric Ireland has hiked its prices. The rises will equate to €37.20 per month on the average residential electricity bill and €42.99 per month on the average residential gas bill.

Price of gas for delivery on Friday drops 21% from Wednesday night’s price of 405p per therm to 320p