The EU’s gas and electricity markets began to normalise at the end of 2022, according to the Commission’s latest quarterly reports on the gas and electricity markets, published on 17 May.
Although wholesale and retail gas prices have remained historically high, they fell in the last quarter of 2022 compared with last summer.
“In particular, record levels of gas storage, significant reductions in European gas demand, sustained LNG imports and a mild winter have helped Europe to...