Prices in the EU have been falling since June 2022, when energy inflation exceeded 40%. As winter drew to a close last February, Energy inflation stood at 16.6%, "considerably lower" than the 28.7% reported for the same period in the previous year, said Euronews.
Gas-reliant nations including Germany and Italy "pivoted from Russian dependency without major electricity shortages" and price hikes, said Bradshaw on The Conversation, and "there has been more good news" since then.
Energy prices have continued to fall "steadily" in 2023, and Europe’s gas storage levels are on course to reach the 100% capacity target by November.
But while some politicians have have insisted that "the worst of the energy crisis is over", Bradshaw added, "it's a little early to be so confident".