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The price of gas is at its lowest since June: should you take advantage of this to reduce your down payment?

  • Post category:Economy News
  • Reading time:2 mins read

Gas prices on stock markets are coming down. Yesterday, it was worth less than €130 per megawatt-hour. An abstract figure that above all indicates a trend. Prices are at their lowest since June.

What impact will changes in gas prices have on your portfolio? The price of gas on the markets has a direct link with the bill we pay according to Damien Ernst, professor at the University of Liège and specialist in energy issues. “Especially since the majority of people now have a variable gas contract“, he says.

But then, should you take advantage of this to reduce your down payment? “People who find that they pay a deposit too high, they can take the risk of lowering it“, says the specialist. “If the gas remains at the same level or decreases further, their deposit will be too high and these people will retouch.“So they will have the opportunity to pay less each month.

But be careful, you still have to be careful to avoid unpleasant surprises. “Maybe still wait a month or two before decreasing“, says Damien Ernst. “Because this drop in the price of gas is mainly linked to the very mild month of October. The weather plays a predominant role. Not to mention the repercussions of the war in Ukraine.