how much does gas cost this Tuesday December 3, 2024?

how much does gas cost this Tuesday December 3, 2024?
how much does gas cost this Tuesday December 3, 2024?

Quotations of future gases on the EEX (European Energy Exchange) platform for the Gas Exchange Point (PEG) play a crucial role in the European natural gas market. These quotes make it possible to anticipate energy-related costs over periods specified in advance, promoting better budgetary management for user companies as well as for investors looking for hedging strategies.

What is the EEX PEG Quote?

The EEX is an exchange that offers derivatives contracts in the energy sector including gas, electricity, as well as CO2 emissions. The PEG is a platform where gas is traded in , serving as a reference point for natural gas prices in the country.

Futures (futures) contracts listed on the EEX for PEG stipulate gas deliveries on specific dates. These contracts are categorized by month (M+1), quarter (Q+1) or year (Y+1), thus making it possible to protect against instantaneous gas price variations.

PEG price as of December 1, 2024

M+1 contract (January 2025)

  • Prix : 48.227 €/MWh
  • 30-day evolution: The price fluctuated between €40,296 and €48,227, stabilizing with a 0% change au 02/12/2024.

Contract Q+1 (1st quarter 2025)

  • Prix : 48.054 €/MWh
  • Evolution over 3 months: Variations between €35,283 and €48,054, with no notable change as of 02/12/2024 (0% change).

Contract Y+1 (Year 2025)

  • Prix : 45.65 €/MWh
  • Evolution over 12 months: Oscillations between €26,616 and €45.65, showing a 0% change at the beginning of December 2024.

Quotes EEX PEG Futures Gas

Monthly Futures

  • January 2025: 48.227 €/MWh
  • February 2025: 48.253 €/MWh
  • Mars 2025 : 47.702 €/MWh
  • Avril 2025 : 46.738 €/MWh
  • December 2024: 45.901 €/MWh

Future Quarterly

  • 1st quarter 2025: 48.054 €/MWh
  • 2nd quarter 2025: 46.192 €/MWh
  • 3rd quarter 2025: 45.366 €/MWh
  • 4th quarter 2025: 43.047 €/MWh
  • 1st quarter 2026: 40.323 €/MWh
  • 2nd quarter 2026: 34.665 €/MWh
  • 4th quarter 2026: 33.863 €/MWh

Future Annuals

  • Year 2025: 45.65 €/MWh
  • Year 2026: 35.734 €/MWh
  • Year 2027: 28.983 €/MWh
  • Year 2028: 25.091 €/MWh

General Observations

Markets for energy commodities, and particularly gas, are influenced by various elements such as geopolitical events (e.g. the conflict in Ukraine), weather conditions, environmental policies, as well as the supply-demand balance. Expectations will influence the future strategies of market players.

In conclusion, for an informed approach, companies should closely monitor price developments and market trends on the EEX to secure energy contracts at the appropriate time. It is advisable to consult energy experts or advisors in order to align on the best strategies that meet their specific needs.

Contract Type Period Prix (€/MWh) Evolution Variation Min-Max (€/MWh)
M+1 January 2025 48.227 Fluctuation over 30 days 0% 40.296 – 48.227
Q+1 1st quarter 2025 48.054 Variation over 3 months 0% 35.283 – 48.054
Y+1 Year 2025 45.65 Oscillation over 12 months 0% 26.616 – 45.65
Monthly February 2025 48.253
Monthly Mars 2025 47.702
Monthly Avril 2025 46.738
Monthly December 2024 45.901
Quarterly 2nd quarter 2025 46.192
Quarterly 3rd quarter 2025 45.366
Quarterly 4th quarter 2025 43.047
Quarterly 1st quarter 2026 40.323
Quarterly 2nd quarter 2026 34.665
Quarterly 4th quarter 2026 33.863
Annual Year 2026 35.734
Annual Year 2027 28.983
Annual
Photo Jean Baptiste Giraud

Jean-Baptiste Giraud is the founder and editorial director of Economie Matin. Jean-Baptiste Giraud began his career as a journalist and reporter at Radio France, then spent nine years BFM as a reporter, morning worker, columnist and interviewer. At the same time, he was also a journalist for TF1, where he produced reports and short programs broadcast in prime-time. In 2004, he founded Economie Matin, which became the first French economic weekly. This reached a circulation of 600,000 copies (OJD) in June 2006. A Spanish economic fund took control of the weekly in 2007. After subsequently creating several companies ( Events, Versailles+, Les Editions Digitales), Jean -Baptiste Giraud participated in the launch of the pure player in 2010/2011 Atlanticof which he remained editor-in-chief for a year. In 2012, requested by an investor to create an economic pure-player, he decided to relaunch EconomieMatin on the Internet with the historical investors of the first round of Economie Matin, paper version. Economic columnist on South Radio from 2016 to 2018, He also presented the “Eco Mag” on RTL from 2016 to 2019, and “Questions when jumping out of bed” still on RTLuntil September 2021. Jean-Baptiste Giraud is also the author of numerous works, including “Last crisis before the Apocalypse”, published by Ring in 2021, but also of “How much does it cost, how much does it pay” (Eyrolles ), “Great minds are always wrong”, “Why do stripes have zebras”, “Why do woods have deer”, “Stupid Stories” (Editions du Moment) or even from the “Guide of the Bécébranchés” (L’Archipel).

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