The EEX PEG (Gas Exchange Point) quotation for future contracts concerns the price reference for natural gas traded in Europe on the EEX (European Energy Exchange) electricity market. Contracts are categorized based on their maturity, which includes monthly (M+1), quarterly (Q+1), and annual (Y+1) contracts. These quotes are crucial for market participants looking to manage price risks or speculate on future movements in the gas market.
Peg price as of November 20, 2024
Contrats M+1 (Monthly Ahead)
- Price as of 11/20/2024: 48.126 €/MWh
- Evolution of the last 30 days: These contracts experienced a price range from €39,092/MWh to €48,126/MWh, illustrating significant volatility. This variation is often influenced by seasonal factors or geopolitical events affecting the commodity market.
Contrats Q+1 (Quarterly Ahead)
- Price as of 11/20/2024: 47.868 €/MWh
- Evolution of the last 3 months: The price fluctuated between €35,283/MWh and €47,868/MWh, reaching its peak on September 19, 2024. The general stability of this type of contract suggests expectations of seasonal balances or consistent storage.
Contrats Y+1 (Year Ahead)
- Price as of 11/20/2024: 45.182 €/MWh
- Evolution of the last 12 months: The variation was from 26,616 €/MWh to 45,182 €/MWh, with a peak on February 23, 2024. This long-term evolution reflects the impact of new energy policies and investments in renewable energies, modifying the structural demand for gas.
Summary of Developments
The fluctuations observed in the prices of different gas contracts demonstrate an inherent volatility in the energy market. Notably, short-term contracts exhibited greater variability compared to expectations, as shown by the significant 30-day spreads for M+1 contracts. Mid-term adjustments for Q+1 contracts reflect a reaction to current and forecast market conditions, while downward trends for Y+1 contracts correspond to a longer-term energy price framework influenced by the overall energy transition.
Implications for Business
Calculated contract PEG price variations provide vital insight for businesses aiming to control energy costs. Energy professionals and budget planners should monitor these trends to minimize their exposure to rate risks and to adjust their sourcing strategies based on market forecasts.
In sum, understanding the EEX PEG quote is essential to effectively navigate the energy market and plan sustainable and economically viable purchasing policies.
| Contract Type | Price as of 11/20/2024 | Evolution | Price Range | Influential Factors |
|---|---|---|---|---|
| M+1 (Monthly Ahead) | 48.126 €/MWh | last 30 days | 39.092 €/MWh à 48.126 €/MWh | Seasonal factors, geopolitical events |
| Q+1 (Quarterly Ahead) | 47.868 €/MWh | last 3 months | 35.283 €/MWh à 47.868 €/MWh | Anticipations of seasonal balances, storage |
| Y+1 (Year Ahead) | 45.182 €/MWh | last 12 months | 26.616 €/MWh à 45.182 €/MWh | New energy policies, investments in renewable energies |
| Summary of Developments | ||||
| Price fluctuations show volatility in the energy market, with greater variability for short-term contracts and long-term adjustments reflecting the energy transition. | ||||
| Implications for Business | ||||
| Changes in PEG prices are crucial for controlling costs and adjusting sourcing strategies in response to market forecasts. | ||||
