how much does gas cost this Wednesday December 18, 2024?

The EEX PEG (European Energy Exchange Gas Exchange Point) rating represents a fundamental indicator for understanding the dynamics of the wholesale natural gas market in Europe. This quote provides reference prices for different types of futures contracts, essential for companies, investors and energy sector analysts to plan and manage risks related to price fluctuations.

Understanding Gas Futures Contracts

Gas futures are financial tools that allow you to buy or sell gas at a predetermined price for future delivery. They are structured on different deadlines: monthly, quarterly or annual. These contracts help market participants protect themselves against price volatility, influenced by economic, political and climatic conditions.

Quotes and Recent Developments

1. M+1 contracts (February 2025)
2. Price as of 16/12/2024 : 40.31 €/MWh
3. Evolution : A drop of 16% compared to the start of the month, reflecting a market correction perhaps influenced by mild weather conditions or a more stable supply.
4. Last 30 days range : Prices fluctuated between €40.31/MWh and €48.253/MWh, indicating significant volatility.
5. Q+1 Contracts (Q1 2025)
6. Price as of 16/12/2024 : 40.05 €/MWh
7. Evolution : A decrease of 17% compared to December 2, 2024, reflecting seasonal declines or market interventions.
8. Last 3 months range : Prices varied from €35,283/MWh to €48,054/MWh, showing substantial adjustments according to demand and supply forecasts.
9. Y+1 contracts (Year 2025)
10. Price as of 16/12/2024 : 39.183 €/MWh
11. Evolution : A drop of 14% compared to the beginning of December, perhaps caused by an anticipation of the decline in long-term demand.
12. Last 12 month range : Annual contracts fluctuated between €26,616/MWh and €45.65/MWh, revealing volatility rates influenced by geopolitical or economic factors.

Overview of Future Gas Quotes as of December 16, 2024

Conclusion

EEX PEG quotes for gas futures reveal market dynamics where prices are influenced by a multitude of factors, including seasonal energy demand, geopolitical conditions and technological innovation in the energy sector. Recent price movements suggest a readjusting market, potentially influenced by a combination of supply and demand factors. For businesses and investors, this data is crucial for developing effective buying, selling and hedging strategies.