Mild Weather Drags Energy Prices In Europe Down

Mild winter weather in many parts of Europe, rising wind power generation, and lower electricity consumption were dragging European natural gas and power prices lower on Tuesday. Prices at the Title Transfer Facility (TTF), Europe’s key gas benchmark, were down to a six-month low at midday on Tuesday due to milder winter compared to early December and still comfortable gas storage levels across Europe.   The TTF natural gas traded close to $85 (80 euros) per megawatt-hour (MWh) on Tuesday morning, “a six-month low as mild winter…