Benefiting from a unified European gas market
A well-functioning market is the best means to protect all customers. It brings more choice with new, innovative products to fit customers' needs. Eastern European countries are joining this movement.
The European gas market has far superior interconnection than the power market.
Interconnections vs. daily consumption1
Good physical interconnections between countries are a prerequisite for cross-border trading. Together with the right market design, this is the basis for a well-functioning internal market - benefiting all customers.
The European gas market has far superior interconnection than the power market, making the internal gas market more advanced.
A few selected infrastructure projects are required to “complete the picture”.
High Price Correlation
Gas prices in Northwestern Europe have a high correlation proving the effectiveness of the internal gas market.
Gas: NW Europe price coupling1,2
Power: NW Europe price coupling1
Spurring the development of markets in Eastern Europe through more interconnections has brought greater correlation to Western European prices, and all the benefits of competition.
Greater flows = greater price correlations
Central Europe network developments
Competition brings Value to the Customer
Competition between gas suppliers has increased dramatically since market liberalisation.
Gas suppliers before liberalisation…
…and after liberalisation
Gas is offering great value to customers.
Household electricity & gas prices1
Potential for significant savings