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Register For The ACER-CEER Webinar On The Key Findings Of The 2020 Electricity Wholesale Volume Of The Market Monitoring Report (5 November 2021)
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ACER: First Volume Of The Market Monitoring Report Released: The Functioning Of The EU Internal Gas Market Continues To Improve
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ACER: EU Gas Supply Sourcing Costs Fell To A Record Low In 2020 Due Mainly To COVID-19 Gas Demand Reductions And Record LNG Deliveries Date
26/04/2021
Average gas supply sourcing costs declined in 2020 in most EU Member States and the Energy Community Contracting Parties by more than 4 Euros/MWh year on year, according to today’s preliminary assessment by the EU Agency for the Cooperation for Energy Regulators (ACER) and the Energy Community.
The main drivers of the price decline were the demand reduction caused by COVID-19 and the highest-ever liquefied natural gas (LNG) deliveries registered during the first half of 2020. These resulted in historically low EU hub spot prices in the second quarter of 2020. The decline in the prices of other energy commodities and the above average underground storage stocks at the beginning of the injection season were other contributing factors. Even though hub prices partly recovered from the third quarter, average yearly supply sourc