Dutch variable gas prices rise 12% above pre-Middle East war levels

Energy companies in the Netherlands raised prices on variable gas contracts by about 7 percent this month. The increases have driven tariffs 12 percent higher than before the war in the Middle East, according to the Authority for Consumers & Markets.

Variable gas rates had remained steady since the conflict began. Suppliers typically adjust them four times per year.

The growing share of green energy has limited the impact on electricity prices. Variable electricity tariffs rose about 3 percent as of July 1.

Many consumers switched to fixed contracts shortly after the war started. Supplier-switching activity has stayed unusually low for months. Most variable-contract holders chose fixed deals with their existing providers instead.

The Authority for Consumers & Markets urged consumers to carefully weigh which contract type suits them. Fixed contracts guarantee rates for a set period. They offer payment certainty but provide no benefit if market prices drop.