The price of gas has exceeded 300 euros

The price of gas has exceeded 300 euros

The price of gas breaks through 300 euros. According to data provided by the Dutch Title Transfer Facility (Ttf), which is the reference market for natural gas trading in Europe, the price of gas exceeded 300 euros per megawatt hour (MWh) on the morning of Thursday 25 August and at moment settles around 310 euros. This is the highest price in history, and not a little. Suffice it to say that before most of the last ten years the price was between 20 and 30 euros per megawatt hour, only to start rising following the Russian invasion of Ukraine. The current surge started after the Russian state energy company Gazprom announced on Saturday 20 August that the Nord Stream gas pipeline - the main energy link between Russia and Europe - will be inactive between 31 August and 2 September to maintenance . The alarm that generated this announcement spilled over into the gas market, dramatically raising prices. Now, with the fear of a definitive stop of supplies that is always very concrete, it is necessary to take action.

Rationing plans According to the European rationing plan, Italy will have to save about 7% of the gas it has consumed on average in the last five years. The government is currently working on a plan to save energy and cut gas and electricity consumption, which should be ready by August 31, when the Nord Stream will become inactive. The first part of the plan was announced in July, and foresees the maximum temperature in the buildings at 19 degrees and one hour less per day of heating. Now a second part is being worked on which provides for stricter savings to be implemented as soon as possible, so much so that in the end it will be the government led by Mario Draghi to launch the measures, after he himself had said that to implement the second part of the plan would have been the government that will take office following the elections on 25 September.

Several other countries have already presented some of their own measures. France, for example, will ban light-filled announcements at night by the end of the summer. In Germany, however, historical monuments will be turned off in the evening and heating will be limited to 19 degrees.