The 80% fall in the international price of natural gas in early 2023 from the record high set in August 2022 proves wrong the EU policymakers’ estimates that a cap on the fuel price would lead to a hike in prices, ANA reports.
The price of natural gas on the Dutch stock exchange (TTF) dropped in early 2023 to the level of 75 euros per megawatt hour (last week it fell below 65 euros), lower than the period before the Russian invasion of Ukraine, while last August it had exceeded 340 euros. A significant drop has also been recorded since December 19 when it was decided to impose a cap with the price fluctuating at 110 euros per megawatt hour.
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Source: tornosnews.gr/en/