The EEX (European Energy Exchange) PEG Futurs Gaz quotation represents the price at which natural gas can be bought or sold at a future date on the European market. The PEG (Gas Exchange Point) designates a specific delivery point in France, ensuring connectivity between various gas networks, thus facilitating the exchange and management of gas flows.
Future contracts are agreements to buy or sell an asset at a predetermined price on a future date. These contracts allow companies to manage their financial risk linked to fluctuations in gas prices. They are essential for energy risk managers, as they provide some security against unexpected changes in gas prices in the market.
PEG Price for Future Contracts
PEG prices for future contracts vary depending on the maturity of the contract, whether monthly (M+1), quarterly (Q+1), or annual (Y+1). These prices reflect the current trend in the gas market, influenced by various economic, political and environmental factors.
M+1 contract (January 2025)
- Price as of 11/17/2024 : 46.388 €/MWh
- Evolution : The price showed stabilization around €46,388/MWh, with a notable oscillation between €39,092/MWh (mid-November) and the current price.
Contract Q+1 (1st quarter 2025)
- Price as of 11/17/2024 : 46.179 €/MWh
- Evolution : Stabilized at this level with variations observed between €35,283/MWh and €46,179/MWh over the last three months.
Contract Y+1 (Year 2025)
- Price as of 11/17/2024 : 43.642 €/MWh
- Evolution : Over a twelve-month period, prices fluctuated between €26,616/MWh and €43,642/MWh, representing a notable increase during the year.
EEX PEG Futurs Gaz quotes (as of 11/17/2024)
Monthly Futures
- January 2025 : 46.388 €/MWh
- February 2025 : 46.229 €/MWh
- Mars 2025 : 45.925 €/MWh
- Avril 2025 : 44.993 €/MWh
Future Quarterlies
- 1st quarter 2025 : 46.179 €/MWh
- 2nd quarter 2025 : 44.034 €/MWh
Future annuals
- Year 2025 : 43.642 €/MWh
- Year 2026 : 34.489 €/MWh
Analysis and Conclusion
The prices of these contracts suggest recent market volatility, with a relatively high level of short-term contracts compared to past periods. This volatility can be attributed to several factors, including geopolitical tensions, weather conditions affecting demand, and changes in environmental policies. For businesses, it is crucial to use these contracts to protect against the risks associated with energy price fluctuations, while remaining vigilant in the face of constant market changes.
In summary, PEG futures contracts offer an effective mechanism to manage uncertainty in the energy market, although continuous observation of price trends remains essential for relevant strategic management.
| Type of contract | Details | Prix (€ / MWh) | Evolution |
|---|---|---|---|
| M+1 contract | January 2025 | 46.388 | Stabilized around 46.388, oscillation between 39.092 and 46.388 |
| Contracts Q+1 | 1st quarter 2025 | 46.179 | Stabilized, variations between 35,283 and 46,179 |
| Contract Y+1 | Year 2025 | 43.642 | Fluctuation between 26,616 and 43,642 |
| Monthly Futures (as of 11/17/2024) | |||
| January 2025 | 46.388 | ||
| February 2025 | 46.229 | ||
| Mars 2025 | 45.925 | ||
| Avril 2025 | 44.993 | ||
| Quarterly Futures (as of 11/17/2024) | |||
| 1st quarter 2025 | 46.179 | ||
| 2nd quarter 2025 | 44.034 | ||
| Annual Futures (as of 11/17/2024) | |||
| Year 2025 | 43.642 | ||
| Year 2026 | 34.489 | ||
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