Countries now have abundant gas supplies but years of high costs led to a pervasive economic slowdown
Europe is leaving behind the winter months with gas storage facilities brimming at all-time highs. This abundance of gas has allowed wholesale market prices to tumble, and home energy bills to drift down towards levels last seen before Russia’s full-scale invasion of Ukraine.
So after years in the grip of crippling costs for home heating and power is Europe’s energy crisis over? Experts have cautioned that waning gas and electricity markets and falling bills belie a deeper economic hangover that could extend into the next decade.
