why energy prices are falling on the markets… but not yet on the bills

by time news
Gas prices may have fallen after the peaks reached in the summer, but today they remain at a high level compared to the last ten years. KMPZZZ / stock.adobe.com

DECRYPTION – Professionals and individuals are alarmed by the explosion of their charges, while the price of the megawatt hour returns to its pre-war level in Ukraine.

It is a paradox that is enough to raise eyebrows. On the one hand, energy bills are exploding, arousing the indignation and anger of bakers, restaurateurs, and more generally of all French people for several months. On the other hand, gas and electricity prices have nevertheless returned to reasonable levels on the markets in recent days. The European reference index for gas, the TTF, even posted a price per megawatt hour at the beginning of the week which corresponds to price levels before the war in Ukraine and the end of Russian gas supplies. Quite a symbol, as if the effects of the energy crisis had been erased from the markets. So how to explain such a gap between the prices practiced on the financial markets and the price on the invoice of the French?

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