European natural gas prices fell by approximately 15%, tracking a broader decline in oil prices following reassuring statements from U.S. President Donald Trump that the conflict with Iran is nearing its end.
Shortly after markets opened at 09:00 local time in Greece, the Dutch TTF — Europe’s key natural gas benchmark — dropped 14.61% to €48.21 per megawatt-hour, partly driven by Trump’s remarks.
Natural gas prices directly influence electricity tariffs. For now, wholesale electricity market signals remain positive for Greece, which continues to rank among European countries with the lowest electricity prices. According to data from the Regulatory Authority for Energy (RAAEY), the country’s average wholesale electricity price stands at €84.90 per megawatt-hour — a modest 2.4% increase compared to the previous day.
Notably, just one day earlier — on March 9, 2026 — the TTF surged over 23.63% to €66 per megawatt-hour shortly after market opening, having initially jumped nearly 30%.