Business · 11 hours ago
European Gas Prices Hit Four-Year High as Winter Nears
Graphic: BriefTea
Wholesale gas prices in Europe hit their highest level since 2022 on Monday, reaching about €97 a megawatt-hour as colder weather lifted heating demand. Britain's month-ahead contract rose 4% to 240p a therm. Traders fear more Middle East supply disruption, and European storage is below normal. UK households face forecasts of a 16% energy bill rise in January, taking a typical bill to around £2,000.
Reported by The Guardian · How we write briefs