The EEX PEG (European Energy Exchange Gas Exchange Point) listing represents a key reference for the natural gas market in Europe. Specifically, it provides a platform where gas contract futures prices are established for different future periods, such as monthly, quarterly and annually. These quotes make it possible to determine the anticipated cost of gas, which is crucial for market participants wishing to assess price risk and plan their energy purchases.
Overview of PEG Contracts
PEG contracts are forward agreements that designate a certain volume of gas to be delivered at a fixed price at a future date. These contracts are often classified under three main deadlines:
M+1 contract (Monthly)
- Price as of 11/13/2024 : 43.475 €/MWh
- Variation compared to 12/11/2024 : -2%
- Last 30 days range : entre 39.092 €/MWh et 44.202 €/MWh
The monthly contract provides immediate market insight, important for short-term adjustments in managing energy costs for the approaching winter.
Q+1 Contract (Quarterly)
- Price as of 11/13/2024 : 43.324 €/MWh
- Variation compared to 11/15/2023 : -1%
- Last 3 months range : entre 35.283 €/MWh et 43.917 €/MWh
Quarterly contracts are useful for modeling seasonal trends and forecasting energy requirements for the following season.
Contract Y+1 (Annual)
- Price as of 11/13/2024 : 41.182 €/MWh
- Variation compared to 11/15/2023 : -6%
- Last 12 month range : entre 26.616 €/MWh et 43.696 €/MWh
The annual contract is ideal for businesses looking to lock in energy costs as part of long-term strategic plans.
Analysis of Price Variations
The fluctuation in PEG contract prices highlights the inherent volatility of the gas market. Price movements are often influenced by several factors, including geopolitical tensions, such as those occurring in Ukraine, as well as changes in supply and demand for natural gas in Europe. These variations push companies to closely monitor the market to make strategic adjustments to their energy supplies.
In conclusion, EEX PEG quotes serve as an essential barometer for energy traders and businesses seeking stability in an otherwise unpredictable environment. Knowing these developments not only enables proactive risk management, but also the development of healthier and more profitable energy supply strategies.
| Contract Type | Listing Date | Prix (€/MWh) | Variation (%) | Beach of the Last Days (€/MWh) |
|---|---|---|---|---|
| M+1 contract (Monthly) | 13/11/2024 | 43.475 | -2 | Between 39,092 and 44,202 |
| Q+1 Contract (Quarterly) | 13/11/2024 | 43.324 | -1 | Between 35,283 and 43,917 |
| Contract Y+1 (Annual) | 13/11/2024 | 41.182 | -6 | Between 26,616 and 43,696 |
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