The EEX, or European Energy Exchange, is a central marketplace for the trading of energy products, particularly gas. The EEX PEG market is the platform where natural gas futures contracts are traded in Europe, specifically for the Gas Exchange Point (PEG) in France. Futures contracts allow market participants to lock in future prices for gas, providing an essential risk management tool for suppliers, distributors, and large gas consumers.
Quotation of PEG Prices as of November 30, 2024
M+1 contract (Monthly)
- Prix: 47.48 €/MWh
- Variation compared to 11/21/2024: -1%
- 30-day price range: entre 40.296 €/MWh et 48.126 €/MWh
The M+1 (Monthly) contract shows a slight decrease of 1% compared to the previous week, indicating seasonal adjustments or market movements impacting availability and demand in the short term.
Q+1 Contract (Quarterly)
- Prix: 47.189 €/MWh
- Variation compared to 11/21/2024: -1%
- 3 month price range: entre 35.283 €/MWh et 47.868 €/MWh
The Q+1 (Quarterly) contract also saw a reduction of 1%, which could be linked to climate or economic forecasts influencing energy demand for the next quarter.
Contract Y+1 (Annual)
- Prix: 44.789 €/MWh
- Annual price range: entre 26.616 €/MWh et 45.182 €/MWh
Concerning the Y+1 (Annual) contract, although the precise annual variations are not specified, a notable amplitude of fluctuation was observed, reflecting the potential long-term uncertainty of the gas market.
Quotation of Future Gas on November 30, 2024
Future Monthly:
– January 2025: 47.48 €/MWh
– February 2025: 47.315 €/MWh
– Mars 2025: 46.784 €/MWh
– Avril 2025: 45.929 €/MWh
– December 2024: 45.901 €/MWh
Future Quarterly:
– 1st quarter 2025: 47.189 €/MWh
– 2nd quarter 2025: 45.385 €/MWh
– 3rd quarter 2025: 44.358 €/MWh
– 4th quarter 2025: 42.282 €/MWh
– 1st quarter 2026: 40.055 €/MWh
– 2nd quarter 2026: 34.301 €/MWh
– 4th quarter 2026: 33.564 €/MWh
Annual Futures:
– Year 2025: 44.789 €/MWh
– Year 2026: 35.424 €/MWh
– Year 2027: 28.812 €/MWh
– Year 2028: 25.04 €/MWh
Conclusion
Quotes on the EEX PEG market suggest a general downward trend for future gas prices, particularly in long-term projections for 2026 and beyond. This decrease may reflect market expectations based on possible stabilization of supply, the rise of renewable energy, and other macroeconomic or geopolitical factors. Although these factors reduce price pressure, the market remains subject to significant volatility related to unforeseen events and global energy policy developments. Carefully evaluating these influences is crucial for market participants in managing energy and their purchasing strategies.
| Contract Type | Prix (€ / MWh) | Variation (%) | Price Range (€ / MWh) |
|---|---|---|---|
| M+1 contract (Monthly) | 47.48 | -1% | 40.296 – 48.126 |
| Q+1 Contract (Quarterly) | 47.189 | -1% | 35.283 – 47.868 |
| Contract Y+1 (Annual) | 44.789 | N/A | 26.616 – 45.182 |
| Type of Future | Month/Year | Prix (€ / MWh) |
|---|---|---|
| Monthly Futures | January 2025 | 47.48 |
| Monthly Futures | February 2025 | 47.315 |
| Monthly Futures | Mars 2025 | 46.784 |
| Monthly Futures | Avril 2025 | 45.929 |
| Monthly Futures | December 2024 | 45.901 |
| Future Quarterly | 1st quarter 2025 | 47.189 |
| Future Quarterly | 2nd quarter 2025 | 45.385 |
| Future Quarterly | 3rd quarter 2025 | 44.358 |
| Future Quarterly | 4th quarter 2025 | 42.282 |
| Future Quarterly | 1st quarter 2026 | 40.055 |
| Future Quarterly | 2nd quarter 2026 | 34.301 |
| Future Quarterly | 4th quarter 2026 | 33.564 |
| Annual Futures | Year 2025 | 44.789 |
| Annual Futures | Year 2026 | 35.424 |
| Annual Futures | Year 2027 | 28.812 |
| Future Annuals | Year 2028 | 25.04 |
