European gas tops €100 as World Bank warns of 32% energy price rise
· Energy · European Union
European natural gas prices topped €100 per megawatt hour for the first time since 2022 as winter approaches. The EU says it is not worried about supplies even though storage facilities are only 72% full, but warns households of a 'difficult' season. Separately, the World Bank said energy prices will climb 32% this year as global shocks mount, driven by conflict and supply constraints.
Why it matters：Low storage and high prices could strain European households and industry through the winter, reviving the energy security debate.
Key points
- EU gas storage is only 72% full.
- Prices hit €100/MWh for the first time since 2022.
- The World Bank forecasts energy prices up 32% this year.
Sources (original reporting)
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