The EEX (European Energy Exchange) rating for PEG (Gas Exchange Point) natural gas contracts is an essential indicator for stakeholders in the European gas market. The PEGs serve as a benchmark for gas prices in France, and their listing on the EEX makes it possible to secure gas supplies at prices agreed in advance for various deadlines: monthly, quarterly and annual. This helps businesses and suppliers better manage their costs and price risk.
Gas Futures Contracts: Overview
M+1 contracts (Monthly)
- Price as of 02/01/2025: 49.9 €/MWh
- Evolution over the last month: Prices varied between €39,897/MWh and €49.9/MWh, where the peak of €49.9/MWh was observed on 12/16/2024.
Q+1 Contracts (Quarterly)
- Price as of 02/01/2025: 49.115 €/MWh
- Evolution over three months: The fluctuation was between 37,068 €/MWh and 49,115 €/MWh, reaching its highest on 09/10/2024.
Y+1 contracts (Annual)
- Price as of 02/01/2025: 39.036 €/MWh
- Evolution over twelve months: Prices changed from €26,074/MWh to €39,036/MWh, the ceiling having been reached on 02/23/2024.
Quotes as of 02/01/2025
Monthly Contracts
- January 2025: 47.444 € / MWh
- February 2025: 50.203 € / MWh
- Mars 2025: 49.9 € / MWh
- Avril 2025: 49.557 € / MWh
- May 2025: 49.245 € / MWh
- June 2025: 48.538 € / MWh
Quarterly Contracts
- 2nd quarter 2025: 49.115 € / MWh
- 3rd quarter 2025: 48.735 € / MWh
- 4th quarter 2025: 45.964 € / MWh
Annual Contracts
- Year 2026: 39.036 € / MWh
- Year 2027: 31.165 € / MWh
- Year 2028: 26.046 € / MWh
Analysis of Developments
The volatility of natural gas prices observed in recent months and years highlights several key trends:
- Short-term sensitivity : M+1 contracts show high volatility, reflecting rapid changes in supply and demand as well as weather conditions.
- Relative stability of quarterly contracts : Q+1 contract prices have moderate variability, which provides a certain degree of security to buyers while remaining exposed to major market trends.
- Long-term predictability : Y+1 contracts have the least volatile prices, but these are based on macroeconomic expectations which can change, demonstrating the importance of proactive cost management.
Dynamic price developments in the gas sector highlight the need for companies to closely monitor market movements and develop purchasing strategies that can cushion the impact of price fluctuations. A thorough understanding of different contract types and their characteristics can help make informed decisions on energy procurement and cost management.
| Type of contract | Date | Prix (€ / MWh) | Evolution |
|---|---|---|---|
| M+1 contracts (Monthly) | 02/01/2025 | 49.9 | Varies between 39.897 and 49.9 (peak on 12/16/2024) |
| Q+1 Contracts (Quarterly) | 02/01/2025 | 49.115 | Varies between 37,068 and 49,115 (peak on 09/10/2024) |
| Y+1 contracts (Annual) | 02/01/2025 | 39.036 | Varies between 26,074 and 39,036 (ceiling on 02/23/2024) |
| Monthly quotes as of 02/01/2025 | |||
| January 2025 | 47.444 | ||
| February 2025 | 50.203 | ||
| Mars 2025 | 49.9 | ||
| Avril 2025 | 49.557 | ||
| May 2025 | 49.245 | ||
| June 2025 | 48.538 | ||
| Quarterly quotes as of 02/01/2025 | |||
| 2nd quarter 2025 | 49.115 | ||
| 3rd quarter 2025 | 48.735 | ||
| 4th quarter 2025 | 45.964 | ||
| Annual quotations as of 02/01/2025 | |||
| Year 2026 | 39.036 | ||
| Year 2027 | 31.165 | ||
| Year 2028 | 26.046 | ||
