Last reviewed on October 31, 2026.
Formula: $/MMBtu = €/MWh × EUR/USD ÷ 3.412. Going the other way, €/MWh = $/MMBtu × 3.412 ÷ EUR/USD.
The 3.412 comes from energy: one megawatt-hour equals 3.412 MMBtu. The exchange rate turns euros into dollars. The tables below use an ECB rate of 1.1172 dollars per euro (October 30, 2026); for another rate, use the live calculator.
€/MWh to $/MMBtu
| TTF (€/MWh) | $/MMBtu |
|---|---|
| €10 | $3.27 |
| €20 | $6.55 |
| €30 | $9.82 |
| €40 | $13.10 |
| €50 | $16.37 |
| €60 | $19.65 |
| €70 | $22.92 |
| €80 | $26.19 |
| €90 | $29.47 |
| €100 | $32.74 |
| €120 | $39.29 |
| €150 | $49.11 |
$/MMBtu to €/MWh
| $/MMBtu | €/MWh |
|---|---|
| $2 | €6.11 |
| $3 | €9.16 |
| $4 | €12.22 |
| $5 | €15.27 |
| $8 | €24.43 |
| $10 | €30.54 |
| $12 | €36.65 |
| $15 | €45.81 |
| $20 | €61.08 |
| $25 | €76.35 |
| $30 | €91.63 |
Worked example
Suppose TTF is €90/MWh and EUR/USD is 1.12. Then 90 × 1.12 = $100.80/MWh, and $100.80 ÷ 3.412 = $29.54/MMBtu. Comparing that with Henry Hub near $3 gives a spread of more than $26/MMBtu, which is why the Henry Hub–TTF spread gets so much attention.
Pence per therm (NBP) to $/MMBtu
UK NBP gas is quoted in pence per therm. Because there are 10 therms in an MMBtu and 100 pence in a pound, $/MMBtu = pence per therm × GBP/USD ÷ 10. Rates below use $1.3399 per pound.
| NBP (p/therm) | $/MMBtu |
|---|---|
| 50p | $6.70 |
| 100p | $13.40 |
| 150p | $20.10 |
| 200p | $26.80 |
| 250p | $33.50 |
| 300p | $40.20 |
Euro per cubic metre
Supply contracts sometimes quote €/m³. A cubic metre of gas holds roughly 10–11 kWh, so €90/MWh is about €0.95/m³. The exact figure depends on the calorific value, which the converter lets you set.
Frequently asked questions
Why divide by 3.412?
One MWh contains 3.412 MMBtu, so a price per MWh is 3.412 times higher than the same price per MMBtu.
How much is €100/MWh in $/MMBtu?
About $32.74/MMBtu at 1.1172 dollars per euro.
How much is 1 MMBtu of gas in Europe?
Take the TTF price in €/MWh and divide by 3.412 for euros per MMBtu. At €90/MWh that is about €26.38/MMBtu.