Natural gas price on European exchange hits highest level in nearly four years
The price of natural gas on the European exchange is the highest since December 2022, and experts do not rule out further increases. In Latvia, heating tariffs have already risen in many places.
The price of natural gas on the European exchange reached its highest level since December 2022 in October 2026. This matters to Latvian residents as well, because winter and the heating season are approaching, when heating costs affect a large share of households.
Experts allow for further rises
As the cold weather nears, experts do not say the price increase will necessarily stop. They consider it possible that gas prices could climb even higher before winter.
The situation in Latvia
In many places in Latvia, heating tariffs have already gone up. This raises the question of whether the new gas price increase could trigger yet another tariff rise during this heating season.
It is also unclear how much such an increase, if it happened, would affect Latvian residents and their monthly heating expenses. Economics and energy specialists are weighing these questions.
No specific figures for a possible new tariff level have been given so far. The outcome will depend on how the gas price on the exchange develops over the coming months.
