Gas markets are working better in terms of hub functioning and price convergence, but the situation is diverse geographically. Important barriers remain in some Member States, in particular in South-East Europe, negatively affecting market functioning and liquidity. The gas network codes, where implemented, bring a positive impact.
The downward trend of wholesale energy prices (both electricity and gas) continued in most of the EU in 2016. Retail prices are also showing more and more a downward trend. For electricity for industrial consumers and for gas, this has already been the case for a couple of years, but this now also extends to electricity household prices.
This MMR also covers the Energy Community Contracting Parties for some retail and gas wholesale topics, thanks to the support and cooperation of the Energy Community Secretariat. Industrial electricity and gas prices in these countries tend to be higher than household prices, with an upward trend for households and a downward one for industrial consumers.
The results of the MMR will be presented in Brussels on October 24th. Registration can be done via the ACER website.
The links to the Electricity wholesale markets, gas wholesale markets and electricity and gas retail volumes can be found here.