Wholesale gas prices in the EU rose to record levels in the third quarter of 2021, influenced by global gas markets, according to the Commission’s quarterly gas market report published today. The trends identified provide a stark contrast with what was seen in the same period of 2020. The same is true for the quarterly electricity report which highlights that electricity consumption returned to pre-pandemic levels. On the gas market, the report outlines how wholesale gas prices in Europe continued their sharp increase in the third quarter of the 2021, rising to 85 €/MWh by the end of September – a level rarely seen ... (full story)