Skip to content
Subscriber Only

Energy Inflation Gathers Pace as EU Gas, Power Surge to Records

  • European carbon prices also climbed an all-time high
  • Consumers are set to face higher energy bills this winter
Northern Europe's First Delivery Of U.S. Shale Gas Arrives In Rotterdam
Photographer: Jasper Juinen/Bloomberg
Updated on

Energy inflation is gathering pace in Europe, with the price of everything from gas to electricity surging to records, fueling concerns about costs to consumers as the world emerges from the global pandemic.

European natural gas and power prices climbed to an all-time high on Thursday, as did the cost of pollution permits. Energy demand is rebounding just as Europe plans to expand and impose tougher limits on emitters later this month, a move that’s helping boost energy costs in the region.