New
collapse in gas prices
on the Amsterdam market.
The TTF futures, the benchmark for the price of natural gas in Europe, lost another 10%, settling at 65 euros per megawatt hour, the lowest since November 2021.
On the thud of gas, which came to lose during the session up to 11.5 %, at 64 euros, are affected by the above-average temperatures in the Old Continent, which reduce consumption and preserve gas stocks, avoiding the risk of rationing.
The president of Nomisma energia Davide Tabarelli is optimistic: In the first quarter of 2023 the electricity bill collapsed with a decrease of 19.5%, we wait four weeks and we can have a 30% drop in the January gas tariff.
And, unless a cataclysm comes from Ukraine and a bitter cold, the potential inflation rate should fall below 10%, even down to 6%.
It should be "at the end of the increases. Tabarelli also underlines "the positive signals coming from energy prices, with the price of oil having dropped below 80 dollars a barrel" which "also helps exports".
Under these conditions "we can rest easy", observes Tabarelli, questioned by ANSA the day after the communication from Arera of the 23.3% increase in the price of gas on the protected market.
The current situation in general "is chaotic - he adds - the markets are volatile and it will take years to return to 20-25 euros per megawatt hour".
Today, he explains, "the markets are more violent and in a few days the quotations can go back up suddenly. However, it is tiring to go down again".
So far the weather has helped us but a lot depends on the weather variable: "If there is intense cold, electricity will have to be cut and then there will be a surge in prices even if it could last 3-4 days".
If the cold of February 2018 returns, stocks "
Meanwhile
, the rally of the European stock exchanges at the beginning of the year continues,
in the wake of investors' bets for a softening of the ECB's monetary tightening after the slowdown in inflation recorded in December in Germany, Spain and France.
Milan closes at +1.74%, Paris at +2.3%, Frankfurt at 2.18%, Madrid at 1.93%.
While London contained the rise to 0.41%
