Updated:
06.10.2026

Gas prices are rising and storage is low: what this means for your heating costs

Europe's gas storage was only around 71% full at the end of September 2026, the lowest level at this time of year in at least five years. In some countries it was far lower: in Germany, storage was only 57.9% full on 1 October. Wholesale gas prices reached their highest level since early 2023 in September. That feeds through to what you pay for heating.

Read time:
7 min
Person durning down the heating, with money in their hands.
Table of contents:
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How full is gas storage in Europe?

EU gas storage was around 71% full in the fourth week of September 2026. Storage operators report their levels every day to AGSI+, the platform run by Gas Infrastructure Europe.

Here's how that compares with the same point in previous years:

Year EU gas storage, end of September
2022 87.4%
2023 95.0%
2024 93.7%
2025 81.1%
2026 70.9%
Source: Gas Infrastructure Europe, AGSI+. EU aggregate filling level as a share of working gas capacity.

Some countries are well below the EU average. In mid-September, storage stood at 47.1% in Latvia, 52.1% in the Netherlands and 55.6% in Germany. Under EU rules, countries can reach their 90% storage target any time between 1 October and 1 December, with extra flexibility when filling is difficult.

You can follow daily figures for each country on AGSI+.

Will Europe run out of gas this winter?

An immediate shortage isn't expected. Low reserves combined with tight global supply do leave Europe more exposed to a very cold winter or new supply disruptions.

Gas pipelines at an industrial gas facility, illustrating rising gas prices in Europe

Why are gas prices rising again?

Wholesale gas prices in Europe follow the TTF, the trading hub in the Netherlands. Before the war between the US and Iran, a megawatt hour cost around €30 there. In early September the price briefly rose above €80, its highest level since early 2023.

Several factors are pushing prices up:

  • LNG supply: The conflict around the Strait of Hormuz is disrupting shipments of liquefied natural gas from the Persian Gulf. Around a fifth of global LNG trade normally passes through it.
  • Low storage: Because gas was expensive over the summer, traders stored less. Now they have to buy under time pressure before winter.
  • Competition for cargoes: From March to June 2026, buyers in Asia paid more than buyers in Europe, so flexible LNG cargoes were diverted to Asia.
  • Weather: A cold winter raises demand and empties storage faster.

When will higher gas prices show up on my bill?

You'll notice higher gas prices when your supplier raises your tariff. A fixed-price contract can protect you until it ends, so check your terms. How quickly suppliers pass on wholesale prices varies a lot across Europe: on average it takes about six months, in the Netherlands it happens almost immediately, in France, Italy and Spain within months, and in Germany and Austria it can take nearly a year for prices to peak.

How many households still heat with gas?

Gas is still the largest single energy source in European homes. In 2024, natural gas covered 29.4% of household energy use in the EU. In some countries the share is far higher: 61.0% in the Netherlands, 49.2% in Italy and 46.3% in Hungary.

If you heat with gas, the biggest lever you have on your heating bill is how much gas you use.

How much does turning the heating down by one degree save?

Turning the heating down by 1 °C cuts heating energy use by around 7%.

Indoor temperatures vary widely. Homes in Hungary, Slovakia and Denmark average around 20 °C or more, while homes in the UK, the Netherlands and Ireland stay below the 18 °C the WHO recommends for healthy adults. German homes sit just above 19 °C, which adds an estimated €85 a winter compared with 18 °C.

Hand turning down a radiator thermostat valve to save on heating bills in winter

4 ways to save on heating without feeling cold

  1. Heat only the rooms you use. A guest room or home office that's empty half the week doesn't need 20 °C. Keep it at 16 to 18 °C during the day, though, or you risk mould.
  2. Turn the heating down when nobody's home. Don't switch it off completely.
  3. Set the right temperature for each room. Many people sleep well at 17 to 18 °C, while the living room can be warmer.
  4. Air rooms briefly with windows wide open. A few minutes of full ventilation several times a day lets out less heat than a window left tilted open for hours. Turn the heating down while you do it.
tado° tip

Bleed your radiators before the heating season starts. If a radiator stays cold at the top, there's usually air trapped inside, and your heating has to run longer for the same warmth.

Can a smart thermostat lower your gas bill?

Yes. A smart thermostat controls your heating automatically, so it only heats when and where you need warmth. Smart automations help you use less energy without giving up comfort.

Smart thermostats like tado° are easy to retrofit. tado° customers save 22% on heating costs on average. How much you save depends on your home, your heating system and your habits.

Find out more about tado° Smart Thermostats →

martphone showing the tado° app savings overview with heating hours saved by each smart feature

FAQs

How full is gas storage in Europe right now?

EU gas storage was around 71% full at the end of September 2026, according to Gas Infrastructure Europe. Some countries were much lower, such as Latvia at 47.1% and the Netherlands at 52.1% in mid-September. At the end of September 2023, the EU figure was 95%. Daily figures are published on AGSI+.

Why are gas prices so high in 2026?

The European wholesale price (TTF) was around €30 per megawatt hour before the war between the US and Iran and briefly rose above €80 in early September 2026, its highest level since early 2023. The causes are disrupted LNG shipments from the Persian Gulf, low storage levels and competition with Asia for liquefied natural gas.

Will my heating bills go up this winter?

That depends on your contract and where you live. According to an Oxford Economics estimate, wholesale price changes take about six months on average to reach consumer prices in the EU, from almost immediately in the Netherlands to nearly a year in Germany and Austria. A fixed-price contract delays the increase. Using less gas is the one lever that lowers your costs either way.

How can I save on heating without being cold?

Most savings come from heat nobody uses. Heat only the rooms you're in, turn the temperature down when the home is empty and keep the bedroom a little cooler than the living room. According to the European Commission, each degree lower cuts heating energy use by around 7%.