how much does gas cost this Friday November 15, 2024?

The EEX (European Energy Exchange) PEG (Gas Exchange Point) is a platform where futures (futures) contracts for natural gas are listed, used by companies to protect themselves against fluctuations in energy prices . These contracts allow you to buy or sell gas at a predetermined price for a specific future period. The futures market is crucial for energy-consuming companies, providing them with some stability and predictability when it comes to energy costs.

Quotes as of November 13, 2024

For effective risk management, here are the latest prices of M+1, Q+1 and Y+1 contracts for the PEG with their recent variations.

1. M+1 contract (January 2025)

• Prix : 43.475 €/MWh
• Evolution over 30 days : This contract experienced an oscillation between €39,092/MWh on November 12, 2024 and a peak at €44,202/MWh on November 1, 2024. It recorded a slight decrease of 2% compared to November 12, 2024.

2. Contract Q+1 (1st quarter 2025)

• Prix : 43.324 €/MWh
• Evolution over the last 3 months : The price oscillated between €35,283/MWh on November 12, 2024 and an increase to €43,917/MWh on September 19, 2024. The variation shows a moderate decrease of 1% compared to November 12, 2024.

3. Contract Y+1 (Year 2025)

• Prix : 41.182 €/MWh
• Evolution over 12 months : The price varied greatly, with a minimum of €26,616/MWh on November 15, 2023 and a maximum of €43,696/MWh on February 23, 2024. Compared to the previous year, there was a notable drop of 6%.

Conclusion

Analysis of current quotes and their evolution highlights the inherent volatility of energy markets, with significant fluctuations that can have a significant impact on companies' purchasing strategies. The choice between indexed and fixed price contracts should be carefully considered, taking into account market trends and the company's strategic direction regarding energy cost management. Maintaining constant attention to these developments will help you optimize your natural gas purchasing decisions.