Cold winter weather has caused the price of gas to rise sharply. This is the assessment of Kristian Rune Poulsen, chief consultant and energy analyst at the industry organization Green Power Denmark.
- Gas is priced according to expectations for the winter, and now it seems to be colder than expected. It has become really cold in much of Europe, and that is something that can cause the price of gas to rise.
On the Dutch gas exchange TTF, the price has increased by more than 40 percent in a month. It is now just over 40 euros per megawatt hour. It is not only Danes with gas boilers who will feel the financial impact when the price of gas rises. There is also a connection between the price of gas and the price of electricity when solar and wind are not enough to cover electricity consumption.
However, energy customers can be happy that the price is still far from the sky-high level seen during the energy crisis in 2022. Prices began to rise in earnest in the wake of Russia's invasion of Ukraine in February 2022, because it also led to a shortage of Russian gas.
Russia deliberately limited the flow of gas to the rest of Europe in connection with the war. At that time, approximately 40 percent of Europe's gas consumption came from Russia.
Since then, Europe has largely started to look at other ways to meet its needs, and according to Kristian Rune Poulsen, the United States is quite eager to sell its gas to Europeans. This may help keep the price fairly stable in the future.
- It is even expected that we will have slightly falling gas prices in the coming years due to the Americans' zeal, says the energy analyst.
In December 2025, the EU agreed to phase out Russian gas in 2027. However, Kristian Rune Poulsen also emphasizes that one should generally expect larger movements in the gas price because more attention has been paid to it after the crisis in 2022.
/ritzau/
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