how much does gas cost this Friday November 29, 2024?

The EEX (European Energy Exchange) is a centralized trading platform for energy futures, including natural gas, for the European market. The PEG (Gas Exchange Point) represents the gas trading area in France, and the listing of PEG contracts on the EEX offers a barometer of prices for different future periods, such as month, quarter and year future. These quotes are essential for businesses and investors wanting to secure prices for their long-term energy needs.

PEG quotes as of November 27, 2024

M+1 contracts (Monthly)

• Prix: 46,968 € / MWh
• Evolution: A slight decrease of 2% compared to the quote on November 21, 2024, probably reflecting a reduction in demand or seasonal adjustments.
• 30-day price range: €39.092 to €48.126 / MWh, highlighting moderate volatility in the market in the short term.

Q+1 Contracts (Quarterly)

• Prix: €46.773 / MWh for the first quarter of 2025
• Evolution: An identical decrease of 2% compared to November 21, 2024, following the trend of monthly contracts.
• Recent Price Range: €35.283 to €47.868 / MWh, indicating fluctuations influenced by forecasts over several months.

Y+1 contracts (Annual)

• Prix: €44.293 / MWh for the year 2025
• Evolution: The same 2% decline, signaling cautious optimism about gas supplies over a more significant period.
• Annual price range: €26,616 to €45,182 / MWh, with a more pronounced drop in prices perhaps reflecting secure geopolitical or economic conditions.

Conclusion

The general downward price trend observed in the current data is part of a dynamic where pressure on supply and demand, combined with geopolitical factors, is reorienting price expectations. Energy professionals should take these fluctuations into account when deciding between indexed contracts, keeping in mind budgetary predictability and long-term cost stability.