The EEX quotation of future gas PEGs represents the futures market prices for the purchase or sale of natural gas in France, on the Gas Exchange Point (PEG). This quote plays a crucial role for wholesale markets, providing a reference point for various natural gas contracts, whether monthly, quarterly or annual. It allows companies and investors to plan and manage their exposure to fluctuations in energy prices.
Analysis of PEG Prices as of December 31, 2024
PEG prices are a central indicator for energy market participants, influencing decisions about buying and selling in futures markets. Here is a detailed look at prices as of December 31, 2024 for various contract types, along with their recent fluctuations:
M+1 contracts (Monthly)
- Price as of 12/31/2024: 48.487 €/MWh
- Evolution over 30 days: Prices fluctuated between a minimum of €39,897/MWh and a maximum of €48,487/MWh.
Q+1 Contracts (Quarterly)
- Price as of 12/31/2024: 48,005 €/MWh for the 2nd quarter of 2025
- Evolution over 3 months: Fluctuation recorded between 37,068 €/MWh and 48,005 €/MWh.
Y+1 contracts (Annual)
- Price as of 12/31/2024: 38,176 €/MWh for the year 2026
- Evolution over 12 months: Variation comprise entre 26.074 €/MWh et 38.176 €/MWh.
EEX PEG Futurs Gaz quotes
Monthly Futures
- January 2025: 47.444 €/MWh
- February 2025: 48.867 €/MWh
- Mars 2025 : 48.487 €/MWh
- Avril 2025 : 48.352 €/MWh
- May 2025: 48.152 €/MWh
- June 2025: 47.506 €/MWh
Future Quarterly
- 2nd quarter 2025: 48.005 €/MWh
- 3rd quarter 2025: 47.567 €/MWh
- 4th quarter 2025: 44.935 €/MWh
- 1st quarter 2026: 42.899 €/MWh
- 2nd quarter 2026: 37.113 €/MWh
- 4th quarter 2026: 36.24 €/MWh
Future Annuals
- Year 2026: 38.176 €/MWh
- Year 2027: 30.611 €/MWh
- Year 2028: 25.775 €/MWh
Analysis of Price Developments
Gas prices have demonstrated notable volatility, influenced by supply and demand dynamics, as well as macroeconomic and geopolitical factors. In recent years, the war in Ukraine and problems with Russian gas supplies have contributed to these fluctuations. However, a downward trend is observed in recent months, which could be attributed to better supply of liquefied natural gas (LNG) and a stabilization of demand.
Conclusion
For businesses, it is essential to monitor these developments in order to effectively manage the risks associated with the purchase of gas. A thorough understanding of market dynamics enables informed decisions regarding energy contracts, adjusting strategies based on specific energy needs and market trends.
| Type of contract | Date | Prix (€/MWh) | Fluctuation |
|---|---|---|---|
| Monthly | 31/12/2024 | 48.487 | 39.897 – 48.487 |
| Quarterly | 12/31/2024 (2nd quarter 2025) | 48.005 | 37.068 – 48.005 |
| Annuals | 12/31/2024 (Year 2026) | 38.176 | 26.074 – 38.176 |
| Monthly Futures | |||
| Monthly | January 2025 | 47.444 | – |
| Monthly | February 2025 | 48.867 | – |
| Monthly | Mars 2025 | 48.487 | – |
| Monthly | Avril 2025 | 48.352 | – |
| Monthly | May 2025 | 48.152 | – |
| Monthly | June 2025 | 47.506 | – |
| Future Quarterly | |||
| Quarterly | 2nd quarter 2025 | 48.005 | – |
| Quarterly | 3rd quarter 2025 | 47.567 | – |
| Quarterly | 4th quarter 2025 | 44.935 | – |
| Quarterly | 1st quarter 2026 | 42.899 | – |
| Quarterly | 2nd quarter 2026 | 37.113 | – |
| Quarterly | 4th quarter 2026 | 36.240 | – |
| Future Annuals | |||
| Annual | Year 2026 | 38.176 | – |
| Annual | Year 2027 | 30.611 | – |
| Annual | Year 2028 | 25.775 | – |
