The EEX PEG Futurs Gaz quotation represents future prices of natural gas on the European market, negotiated via the European Energy Exchange (EEX). This market is crucial for energy sector operators since it allows them to secure natural gas prices for future periods through futures contracts. The PEG, which means “Gas Exchange Point”, is the main hub for gas transactions in France, and even in Europe, thus guaranteeing a reliable and widely recognized price reference.
Operation of the Quotation
Futures quotes in the gas market allow buyers and sellers to lock in prices for a future month, quarter or year. This is particularly useful for businesses looking to better manage their energy costs by mitigating the risks associated with market price fluctuations. The quotation is expressed in €/MWh (euros per megawatt hour) and is divided into several types of contracts: monthly (M+1), quarterly (Q+1), and annual (Y+1).
Details of the PEG Futurs Prices as of 11/12/2024
M+1 contracts (January 2025)
- Prix: 44.202 €/MWh
- Evolution over 30 days: Prices have fluctuated between €39,092/MWh and the current high of €44,202/MWh.
Q+1 Contracts (Q1 2025)
- Prix: 43.917 €/MWh
- Evolution over 3 months: The price fluctuation range was from €35,283/MWh to €43,917/MWh.
Y+1 contracts (Year 2025)
- Prix: 41.954 €/MWh
- Evolution over 12 months: Prices varied between a minimum of €26,616/MWh and a maximum of €43,873/MWh.
Analysis and Conclusions
The significant fluctuations observed in all contract types highlight the volatility inherent in the natural gas market. Various factors can influence this volatility, including climatic conditions, geopolitical tensions, and the global balance of supply and demand.
Ensuring a proactive strategy for managing energy costs means not only closely monitoring changes in these quotes, but also considering entering into contracts at appropriate times to minimize risks.
By regularly monitoring these parameters, market participants can better prepare and align with market trends, thereby optimizing their positioning in the face of future uncertainties.
| Type of contract | Date | Prix (€ / MWh) | Fluctuation | Evolution |
|---|---|---|---|---|
| M+1 | January 2025 | 44.202 | 39.092 – 44.202 | Fluctuation over 30 days |
| Q+1 | 1st quarter 2025 | 43.917 | 35.283 – 43.917 | Fluctuation over 3 months |
| Y+1 | Year 2025 | 41.954 | 26.616 – 43.873 | Fluctuation over 12 months |
