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Europe's Soaring Gas Bill Is Sending Utilities Back To Coal

Summary
European gas prices have surged to multi‑year highs, pushing electricity costs markedly higher and making coal-fired generation cheaper than gas in some markets.

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Europe is beginning another heating season with record low gas reserves – currently only 72 per cent of the European Union's storage capacity is filled, which has become the minimum for this time of the year for the entire history of observations; for example, between 2021 and 2025, the average was about 88 per cent.

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Gas reserves in Europe ' s underground storage facilities rose to 72.4 per cent on 3 October, according to the Gas Infrastructure Europe (GIE) Association of European Gas Infrastructure Operators.

Amid concerns about the expected increase in heating prices, it is predicted that the insufficient filling of gas storage facilities in Europe, which is the lowest in the past five years, may also raise tensions, according to the Bank of Lithuania (LB).

·Vilnius, Lithuania
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EADaily, 2 October 2026. By the traditional start of the heating season in October, Europe had accumulated a record low volume of gas in underground storage (PCG) since the 2011 observations, as evidenced by data from Gas Infrastructure Europe (GIE).

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Hola News broke the news on Tuesday, September 29, 2026.
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