Elenger and Alexela to Lower Gas Prices in August
Two Estonian gas suppliers, Elenger and Alexela, will reduce household gas prices in August following a drop in the TTF benchmark.
Elenger and Alexela, two of Estonia's largest natural gas sellers, are set to lower prices for household customers in August.
Elenger will reduce the price of its flexible package to €0.68 per cubic meter in August, down from €0.74 in July. Alexela's variable-price package will cost €0.664 per cubic meter in August, compared to €0.723 per cubic meter in July.
Both companies sharply increased household prices in May, when the price per cubic meter rose to €0.8 from below €0.6 earlier. At the beginning of the year, a cubic meter of gas cost €0.54 at Elenger and €0.52 at Alexela.
The reduction reflects a significant drop on the Dutch gas exchange TTF, which determines Estonia's retail prices. TTF prices fell sharply in mid-June from €50 per megawatt-hour to €40, then edged up slightly. Prices were particularly high in March, when TTF reached nearly €62 per megawatt-hour.
