World Tensions in the gulf promote energy efficiency

This is a significant warning sign for commercial property owners in Poland, yet the market is reacting relatively calmly. Although the heating season is coming to an end, which naturally reduces current consumption, the geopolitical situation reminds us of the need to constantly monitor utility costs.

Experience instead of knee-jerk reactions

Currently, property owners have greater experience in crisis management and have developed purchasing procedures. The market has become accustomed to the fact that rapid price increases are often followed by a correction, as evidenced by last year's 12-Day War.

Currently, wholesale market data shows that the price of an annual contract for 2027 delivery in Poland rose by 16 pct in two days. This is relatively small when compared to the change in the TTF (Title Transfer Facility) index in the Netherlands, which serves as a European gas price benchmark and increased by around 80 pct during the same period. Price pressure is visible on short-term contracts for 2026. However, in the commercial market, it is standard to contract energy in advance—usually for one or two years. As a result, most owners now have secure operating budgets, and the potential effects of price increases are largely postponed. The calendar also favors us, as the end of the heating season means lower gas consumption. This provides room for calm analysis and planning for future energy purchases.
Zuzanna Paciorkiewicz, head of asset services CEE, Cushman & Wakefield

Gas Remains a Risk Barometer

While the current situation is not provoking panic, the market is closely monitoring the level of European gas reserves and the pace of their recovery before next winter. In the event of prolonged destabilisation, cost pressures may return with the new heating season. The medium-term scenario will depend on several factors: geopolitical developments, the ability to diversify supplies, and the reaction of financial markets.

The current situation once again highlights the importance of energy efficiency. Buildings that have invested in renewable energy, modern management systems (BMS), and optimised utility consumption in recent years are now significantly reducing their exposure to energy price fluctuations. Energy efficiency is no longer just an element of an ESG strategy. Today, it is a robust cost risk management tool. Owners who choose green solutions see a significant difference in the stability of their operating budgets.
Zuzanna Paciorkiewicz

Increasing regulatory requirements and tenant expectations further strengthen the premium placed on modern, energy-efficient buildings.