Gas prices in the Netherlands are returning to their 2023 crisis levels, with some households now paying more than the former price ceiling of €1.45 per cubic metre, the AD reported on Thursday.

Almost half the suppliers on the Dutch market are now offering gas prices of between €1.40 and €1.43 per cubic metre, while energy giant Eneco has raised its price for new clients to €1.44, the paper said.

In 2022, as gas prices surged in the wake of the Russian invasion of Ukraine, the government set a maximum price of €1.45 per cubic metre. This covered the first 1,200 m³ of gas —the average annual consumption for a household. The price cap expired in January 2024.

According to Bart Koenraadt, an expert at Energievergelijk.nl, gas prices have more than doubled since February 2024, serving as “a stark reminder that energy costs are still driven by global uncertainty.”

“With gas reserves running low, rising competition from Asia, and the unpredictability of Trump, more uncertainty looms,” he said. “How much further supplies decline depends on the weather and shifting demand in Asia.”