Europe will survive this winter if countries continue to reduce energy consumption, with Slovak households rather than companies benefitting the most from government intervention, energy experts said in a survey conducted by Denník N.
According to experts, gas prices will stabilise in the coming months due to relatively warm weather, reduced consumption, well-filled storage tanks, and the European Council’s agreement on the price ceiling.
The import of significant volumes of LNG and the relatively stable flow of Russian gas through Ukraine will also play a positive role.
Independent expert Kristian Takáč believes the gas price this year won’t be higher than €180 per MWh.
Saxo Bank commodities analyst Ole Hansen forecasts a range of €90 to €130. However, electricity prices will continue to be very volatile, especially in regions where renewables account for a major share of total generation.
But experts remain worried about next winter however experts say that keeping gas consumption low for the next two or three months and maintaining gas resevoirs will give the country a better starting position when autumn comes.
“I expect European countries to continue the trend of state intervention and price regulation this year,” said lawyer Pavol Poláček from Poláček & Partners
(Michal Hudec | EURACTIV.sk)
Source: euractiv.com
