European gas prices hit 95 EUR/MWh, highest since 2022; households face rising costs

Wholesale natural gas prices in Europe have surged to around 95 euros per MWh, the highest level since late 2022, up from about 30 euros at the start of the year. Electricity prices are also rising, prompting suppliers to adjust tariffs and households to seek fixed contracts or switch providers. Firewood prices have increased by about 20% year-on-year, indicating broad energy cost inflation affecting consumers.

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