This may not translate directly into cheap multi-year contracts with energy companies. Beekhuis explains that Goldman Sachs and the Boston Consultancy Group cannot rule out the possibility that the price of gas could explode again after a further drop to ‘over 100 euros per megawatt hour’. According to Beekhuis, energy companies buy several years in advance and “average the price in the proportion that they buy it.”
According to Beekhuis, what energy prices will do is “look at the coffee grounds”. However, the gas reserves of the Netherlands and most European countries are currently above normal and now amount to 60%. “That’s a lot,” says energy journalist Mark Beekhuis. “At the end of the heating season we are usually at 40%”