Europe’s Gas And Power Prices Hit New Records

A day before the official start of the winter heating season, Europe’s natural gas and power prices surged again to fresh record highs on Thursday amid concerns about low supply and forecasts of lower than normal temperatures in the UK. The gas price at the Dutch TTF hub, the benchmark gas price for Europe, soared by 13.4 percent to 98.23 euros per MWh on Thursday, while the price at the UK National Balancing Point (NBP) virtual trading point reached another record high, jumping by 17.4 percent to 252.53 pence/term. Prices are extending gains…