Current Gas Price Situation
Two opposing trends are having a major impact on the gas price in June 2026:
- U.S.-Iran peace deal pushes gas prices down: Starting Friday, June 19, the Strait of Hormuz will be open to LNG tankers toll-free for 60 days. This will cause an immediate drop in gas prices on the gas exchange.
- Low Dutch gas reserves: The government has mandated the accelerated replenishment of gas reserves, which creates additional demand in the gas market and partially supports the price.
Wondering what all this means for rates on a new contract? Check it out in our energy comparison tool.
5-Year Gas Price Chart
Gas prices have fluctuated significantly over the past five years, with sharp peaks and troughs. This is primarily due to the energy crisis (2021–2023) and the recent conflict in the Middle East that began in March 2026.
Compared to the extreme peak in 2022, the current increase is much more modest.
The charts below show the TTF Gas Futures: the trading prices on the wholesale market where energy suppliers purchase gas.
The chart clearly shows how the gas price rose sharply starting in late 2021, peaking in October 2022, followed by a period of recovery.
10-Year Gas Price Chart
If we look at the consumer gas price over a longer period, we see that from 2015 to 2021, the gas price remained very stable and low for many years. In the years leading up to the energy crisis, the base gas price ranged between €0.13 and €0.21 per m³.
Key historical moments in gas pricing:
Some key developments that have had a significant impact on gas prices in recent years:
- October 2021:
France experiences an electricity shortage due to reduced availability of nuclear reactors. Gas prices begin to rise.
- November 2021:
The Russian company Gazprom supplies less gas than promised. Gas prices rise even further. Energy suppliers stop offering fixed-rate contracts.
- February 2022:
Russia invades Ukraine.
- August/September 2022:
There are major concerns about gas reserves in Europe. Additional LNG is imported in small quantities (by ship) from North America. Gas prices rise to a record high of nearly €3.50 per m³ on the exchange.
- Winter 2022/2023:
The winter is relatively mild, and gas reserves prove to be sufficient. More and more LNG is being shipped in, and the price of gas begins to fall.
- Summer 2023:
The gas crisis appears to have been averted, and the gas price has stabilized.
- December 2025:
The gas price reached not only its lowest point of 2025 but also its lowest point in the fall in four years.
- Spring/Summer 2026: The U.S. and Israel attack Iran, rendering the Strait of Hormuz virtually impassable and bringing gas supplies from the Middle East to a standstill. The gas price peaks in March at its highest level since 2023. On June 15, the U.S. and Iran announce a peace agreement: the Strait will be opened toll-free for 60 days. The TTF gas price falls.
Gas Price Chart for 2025
While the gas price started off steadily in 2024 and only rose sharply toward the end of the year, 2025 presents a completely different picture.
This year, the exchange price actually started high, around €50 per MWh, peaking in February at nearly €60 per MWh. After that, a clear decline set in: the price fell step by step, except for a brief rebound in June.
From August through mid-November, the exchange price held steady at around €31 per MWh, after which it fell further to the year’s low of €26 per MWh in December.
Below you can see the trend in the gas price on the exchange in 2025:
Gas Price Chart 2024
Although the gas price in 2024 remained stable compared to the crisis years of 2021, 2022, and early 2023, it rose sharply again after a slight decline in March. Gas prices rose sharply, particularly in the fall and in December.
Below you can see the trend in gas prices on the trading exchange in 2024:
Gas Price Trends for 2024
A brief overview:
- Through March 2024: gas prices have fallen sharply
- Starting in August 2024, gas prices will rise again
- December 2024: highest gas price since the gas crisis at €1.28 per m³
The lowest price on the wholesale market (excluding VAT and energy tax) was 22.4 cents per m³ on March 12, 2024. The highest price on the exchange was 47.8 cents per m³ on December 31, 2024. That represents a price increase of no less than 113%.
If you convert these two extremes to a price you would pay as a consumer, the lowest price would be 97.7 cents per m³ and the highest price on December 31 would be 128.3 cents per m³. Incidentally, as a consumer, you often pay slightly more than just the exchange price and taxes.
The high gas price at the end of December 2024 immediately set a record: it is the highest price in nearly two years. Only in early 2023, in the wake of the gas crisis, was the gas price higher.
In early 2025, the gas price rose even further than the peak reached in 2024; however, there have been no extreme spikes in the gas price like those we experienced during the gas crisis. It has become clear, however, that the gas price has risen structurally (and significantly) compared to five years ago.
2024 Gas Price Dataset:
As a price comparison service, we stay on top of rates and energy prices. We therefore have various datasets on gas prices available that you can download for free as open data to use for your own research or other purposes.
Download the wholesale market price for gas. The dataset includes:
- Date
- Market price in euros per MWh
- Market price in euros per m³ (converted, excluding VAT and energy tax)
Downloads:
Source
You may use this data without restrictions; the only thing we ask is that you cite Keuze.nl as the source.
1-Year Consumer Gas Price Chart
The chart below shows the consumer gas price over the past year. This chart is based on the average gas price in fixed-rate energy contracts.
Compare residential gas prices here
The consumer gas price is usually higher than the price on the exchange because energy suppliers add a margin to account for price fluctuations and because they want to make a profit.
As a rough guide: the average household gas consumption is about 1,169 m³ per year.
Curious about how electricity prices have changed over time? View the electricity price chart here.
Sources
- The ICE Dutch TTF Gas
- Investing.com: Dutch TTF Gas futures historical data