Gas prices in the European Union have risen by 140% since the end of February 2026.

Omissions

• The exact percentage depends on the reference price and date: the Financial Times reports a base of about €32/MWh 'on the eve of the Iran war' (end of February 2026), while European gas exceeded €80/MWh in September and reached €87/MWh by mid-October, implying an increase of roughly 150–170%, above the 140% claimed.
• Different sources give different magnitudes for different baselines and periods: IEEFA states EU gas prices 'doubled since January 2026' (~100%), Ember reports that gas-fired power costs rose 'more than 50%' since 28 February, and Trading Economics reports a year-on-year rise of about 174%.
• Most sources describing the September–October 2026 price level were published after the session date of 6 October 2026, so the MEP could only have inferred the figure from contemporaneous market data.

Sources

• SecondaryFinancial TimesEuropean prices have risen from about €32 per MWh on the eve of the Iran war to their highest since the aftermath of Russia's 2022 invasion of Ukraine.
• SecondaryGMK CenterEuropean gas prices exceeded €80/MWh in September. As at 15 September, the fill rate of European gas storage facilities stood at 68.49%, which is significantly lower than the 80.6% recorded on [the same date a year earlier].
• SecondaryTrading Economics (EU Natural Gas)EU Gas rose to 87.32 EUR/MWh on October 16, 2026, up 1.02% from the previous day. Over the past month, EU Gas's price has risen 14.36%, and is up 174.46% [year-on-year].
• SecondaryIEEFA (Institute for Energy Economics and Financial Analysis)EU gas prices have doubled since January 2026. A 60% rise in wholesale electricity prices above pre-February 2026 levels.
• SecondaryEmberThe cost of gas-fired power across Europe has increased by more than 50% due to the gas price spike since February 28.