how much does gas cost this Tuesday November 26, 2024?

The EEX PEG (Gas Exchange Point) market plays a crucial role in determining gas prices in Europe. This quote provides an overview and anticipation of price movements, allowing companies and traders to adapt their purchasing and risk management strategies according to futures market forecasts.

Understanding the EEX PEG Quotation

The EEX, an acronym for European Energy Exchange, is a pan-European exchange that offers derivatives for electricity, natural gas, CO₂ emissions, and other products. The EEX PEG quotation for future gases thus serves as a barometer for future prices, influencing the decisions of energy market players. Futures contracts help lock in a price for future delivery, helping to mitigate the risk of price volatility in the spot market.

PEG price as of November 25, 2024

Contrats M+1 (Monthly Ahead)

• Prix : 47.795 €/MWh
• Evolution compared to 11/21/2024: -1%
• Trends over 30 days: Prices oscillated between €39,092/MWh and €48,126/MWh, indicating significant short-term volatility.

Contrats Q+1 (Quarter Ahead)

• Prix : 47,528 €/MWh for the 1st quarter of 2025
• Evolution compared to 11/21/2024: -1%
• Trends over 3 months: Prices fluctuated between €35,283/MWh and €47,868/MWh, reflecting moderate but notable volatility.

Contrats Y+1 (Year Ahead)

• Prix : 44,708 €/MWh for the year 2025
• Evolution compared to 11/21/2024: -1%
• Trends over 12 months: Oscillation between €26,616/MWh and €45,182/MWh, showing the capacity of long-term contracts to offer relative stability.

Observations et Analyse

1. General Trend : A slight drop in prices seems to be looming, influenced in particular by economic and geopolitical factors influencing supply and demand.
2. Volatility : M+1 contract prices are particularly subject to fluctuations, making it less predictable but potentially advantageous for companies able to manage this risk.
3. Medium and Long Term Security : Q+1 and Y+1 contracts present better price stability, which can be strategic for companies wishing to secure their energy costs over longer horizons.

Recommendations

For companies that consume a lot of energy, constant monitoring of PEG prices and market movements is essential. Exploring supply contracts indexed to these prices can provide both flexibility and financial security. Finally, these companies could consider hedging options to protect their operations against gas market volatilities.

In this constantly evolving context, the ability to quickly adjust strategic purchasing approaches will be a major asset to remain competitive and economically viable.