Dutch gas price falls as traders expect US push to end Iran war

The gas price on the Amsterdam TTF exchange fell sharply on Wednesday, after the Republican Party of President Trump lost the US midterm elections. The price had peaked last Friday and began to slide as the result became clear.

Traders appear to expect the Democrats to push Trump towards a diplomatic end to the conflict with Iran, which would let more gas from the Middle East reach the market. More liquefied natural gas (LNG) is also arriving from the United States.

What households notice depends on their contract and on how long the lower price lasts. People with a dynamic contract, whose price moves every day with wholesale prices, see their gas costs fall straight away. Households with a fixed contract notice nothing, because their tariff stays the same. Whether prices for other consumers also fall depends on whether the drop lasts.

Suppliers' rates had been rising since the spring. In September the average gas delivery tariff, before energy tax and network costs, was €0.6618 per cubic metre including VAT, up from €0.5641 in April, CBS figures show.

What this means for you

• A fixed tariff (vast tarief) keeps the price per kWh or m3 the same for a set period, for example 1 or 3 years, and cancelling before the end date can cost a cancellation fee (opzegvergoeding).
• After a fixed contract ends, it becomes a variable tariff (variabel tarief), and the supplier (energieleverancier) must announce the new rates at least 30 days ahead.
• With a variable tariff the supplier may change the rate, usually at set moments such as every 3 months, with at least 1 month's notice, and cancelling costs no fee.
• A dynamic tariff (dynamisch tarief) follows wholesale market prices, with electricity changing every quarter-hour, hour or day and gas changing per day, so a price fall shows up at once, and so does a rise.

Source: ACM ConsuWijzer: vaste en variabele leveringskosten, read 5 November 2026