how much does gas cost this Thursday, November 21, 2024?

The EEX quotation for PEG Gaz future contracts represents the price at which natural gas can be traded on a specific future date in the PEG trading zone, i.e. the gas market zone in France. The price index is provided by the EEX (European Energy Exchange), and it represents an important benchmark for traders, industrial consumers, and energy companies in Europe. Setting forward prices helps protect against the volatility of energy prices.

The main contract categories include M+1 (next month), Q+1 (next quarter), and Y+1 (next year), which provide for different gas delivery deadlines.

Price as of November 19, 2024

M+1 Monthly Contracts (January 2025)

• Prix : 46.564 €/MWh
• Change from the previous day : 0%
• 30-day price range : 39.092 €/MWh à 46.583 €/MWh

The M+1 contract showed some volatility over the past month, peaking early in the month. Its stabilization over the last few days indicates a possible consolidation of market expectations regarding energy needs in January.

Quarterly Contracts Q+1 (1st Quarter 2025)

• Prix : 46.296 €/MWh
• Change from the previous day : 0%
• 90-day price range : 35.283 €/MWh à 46.356 €/MWh

The current stability does not make us forget the wide fluctuation observed over three months, reflecting the uncertainties over winter consumption in a tense European energy situation.

Annual Contracts Y+1 (Year 2025)

• Prix : 43.64 €/MWh
• Change from the previous day : 0%
• 12-month price range : 26.616 €/MWh à 43.812 €/MWh

Although long-term prices are currently stable, they have shown significant variability throughout the year, peaking in February. This fluctuation could reflect the anticipation of structural changes in the gas market or expectations of increased demand.

Futures Quotes as of November 19, 2024

Monthly Futures

• January 2025 : 46.564 €/MWh
• February 2025 : 46.456 €/MWh
• Mars 2025 : 45.884 €/MWh
• Avril 2025 : 45.325 €/MWh

Future Quarterly

• 1st quarter 2025 : 46.296 €/MWh
• 2nd quarter 2025 : 44.262 €/MWh

Future Annuals

• Year 2025 : 43.64 €/MWh
• Year 2026 : 34.611 €/MWh

Conclusion

PEG prices for upcoming contracts provide valuable insight for anticipating market trends. As this data provides short-term stability, it also underlines the prediction of a long-term downward trend, suggested by future quotes, which could be opportune for market participants wishing to secure their supply at lower costs . The purpose of future contracts is to minimize fluctuations in gas prices over key consumption periods, while taking into account the numerous economic and geopolitical factors affecting the supply and demand of natural gas.