The EEX PEG rating for gas futures is a key indicator for energy market participants in Europe, particularly those involved in the distribution, production or consumption of natural gas. EEX (European Energy Exchange) is one of the leading exchanges in Europe for energy trading and offers derivatives products, including futures contracts for natural gas based on the Gas Exchange Point (PEG) in France.
The PEG is a virtual hub where gas is exchanged for delivery in France, making it an important reference point for the price of natural gas in the country and its surrounding areas. The listing of futures on EEX for the PEG provides visibility on the future price of gas for monthly, quarterly and annual periods, thus allowing players to better manage the risks linked to price volatility.
PEG price (as of 12/20/2024)
Monthly Contracts (M+1)
The M+1 contract represents the price of gas for the coming month. As of December 20, 2024, this price is set at 43.986 €/MWh. However, these prices have experienced notable fluctuations over the last 30 days, between 40.31 €/MWh on December 2, 2024, and reaching a peak of 48,253 €/MWh on December 16, 2024, indicating a negative variation of 9% compared to the beginning of the month.
Quarterly Contracts (Q+1)
The Q+1 contract concerns gas for the following quarter, with a current price of 43.847 €/MWh. The last three months have witnessed fluctuations, recording prices ranging from €36,761/MWh on December 2, 2024 to a peak of €48,054/MWh on September 24, 2024, which also represents a 9% drop since the start of the month.
Annual Contracts (Y+1)
For annual contracts, the price for the following year is 42.808 €/MWh. Over the past year, the variations have been significant with a low of €26,616/MWh on December 2, 2024 and a peak of €45.65/MWh on February 23, 2024. Compared to the beginning of December, this means a moderate drop in 6%.
Quotations of Future Gas on EEX
Monthly Futures
The quotes for the coming months are as follows:
– January 2025: €43,837/MWh
– February 2025: €43,986/MWh
– Mars 2025 : 43.73 €/MWh
– Avril 2025 : 43.626 €/MWh
– From 2025 : 43.49 €/MWh
– Juin 2025 : 42.868 €/MWh
– December 2024: €45,901/MWh
Future Quarterly
Future quarterlies show the following prices:
– 1er trimestre 2025 : 43.847 €/MWh
– 2ème trimestre 2025 : 43.33 €/MWh
– 3ème trimestre 2025 : 43.174 €/MWh
– 4th quarter of 2025: €40,912/MWh
Future Annuals
Concerning future years, the quoted prices are:
– Year 2025: €42,808/MWh
– Year 2026: €35,591/MWh
– Year 2027: €29,625/MWh
– Year 2028: €25,295/MWh
Analysis and Conclusion
Analysis of PEG prices shows a downward trend in natural gas prices, suggesting a potential stabilization after a year marked by significant fluctuations. The consequences of these variations are crucial for the strategic planning of companies with high energy needs. However, it is crucial to remain vigilant towards the economic and geopolitical factors that continue to influence the market. Indeed, price developments remain a key indicator for anticipating future costs and adjusting supply strategies.
| Contract Type | Prix (€/MWh) | Fluctuation | Prize Dates |
|---|---|---|---|
| Monthly Contracts (M+1) | 43.986 | Negative variation of 9% | Min: 40.31 (December 2, 2024), Max: 48,253 (December 16, 2024) |
| Quarterly Contracts (Q+1) | 43.847 | Negative variation of 9% | Min: 36,761 (December 2, 2024), Max: 48,054 (September 24, 2024) |
| Annual Contracts (Y+1) | 42.808 | Negative variation of 6% | Min: 26,616 (December 2, 2024), Max: 45.65 (February 23, 2024) |
| Type of Futures | Prix (€/MWh) |
|---|---|
| Monthly Futures | Jan 2025: 43.837 |
| Future Quarterly | 1st quarter 2025: 43,847 |
| Future Annuals | Year 2025: 42,808 |
