# Energy bills for millions of households to fall after gas prices halve | Energy industry | The Guardian

> European wholesale gas prices fell sharply, with UK market prices reaching 10-year lows, as record numbers of LNG cargoes from the US, Russia and Qatar arrived in Europe. The price drop is expected to lower household energy bills. The article describes a sharp fall in gas prices across the continent.

- Date: 2019-12-26 · published 2019-12-26T12:00:00.000Z
- Category: trade · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/7849-energy-bills-for-millions-of-households-to-fall-after-gas-prices-halve-energy
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A flood of cheap LNG supply is pushing down European gas prices and reducing energy costs across the region. Lower gas and power costs can ease pressure on European feed and processing margins.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-05-10 | [Analyst: Surging US Gas to Cap European Prices \| Energy Intelligence](https://feedsoft.ai/events/71204-analyst-surging-us-gas-to-cap-european-prices-energy-intelligence.md) | +3.9% | -4.7% |
| NATGAS | 2019-12-05 | [Natural Gas Set To Fall Even Further \| OilPrice.com](https://feedsoft.ai/events/55768-natural-gas-set-to-fall-even-further-oilprice-com.md) | -6.3% | -13.2% |
| NATGAS | 2020-03-09 | [Force majeure notices from Chinese LNG buyers: prelude to a renegotiation? - Oxford Institute for Energy Studies](https://feedsoft.ai/events/54318-force-majeure-notices-from-chinese-lng-buyers-prelude-to-a-renegotiation-oxford.md) | +9.8% | -10.1% |
| NATGAS | 2021-09-01 | [China's LNG import surge to cool in winter as high prices bite](https://feedsoft.ai/events/45735-china-s-lng-import-surge-to-cool-in-winter-as-high-prices-bite.md) | +9.9% | +28.7% |
| NATGAS | 2019-08-04 | [Focus on Fracking: oil prices see largest one-day loss in 53 months; natural gas prices fall to 38 month low; oil supplies lowest in 38 weeks](https://feedsoft.ai/events/7908-focus-on-fracking-oil-prices-see-largest-one-day-loss-in-53-months-natural-gas.md) | -0.8% | +8.8% |

## Sources

- theguardian.com: https://www.theguardian.com/business/2019/dec/26/energy-bills-for-millions-of-households-to-fall-after-gas-prices-halve

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.