The natural gas market in Europe is largely based on the energy exchange EEX (European Energy Exchange), where the quotations of future gas contracts take place. Among these contracts, those of the PEG (Gas Exchange Point) index represent a key reference point for gas suppliers and consumers in France. In this article, we will detail the PEG quote, and examine current prices for short and long term contracts, as well as their recent movements.
What is the EEX PEG Quote?
The EEX PEG quotation refers to natural gas futures contracts traded on the European Energy Exchange. These contracts allow companies and investors to commit to future purchases or sales of gas at predetermined prices, thus providing a hedge against market price volatility. Contracts are labeled for different periods such as M+1 (next monthly contract), Q+1 (next quarter), and Y+1 (next year).
Prices for these contracts vary depending on various factors, including seasonal energy demand, gas supplies, geopolitics, and overall economic conditions.
PEG price as of 15/12/2024
Here is an overview of current prices for PEG M+1, Q+1 and Y+1 contracts, as well as their variations compared to previous months.
M+1 contract (February 2025)
- Prix: 41.3 €/MWh
- Evolution since 02/12/2024: -14%
- Fluctuation over the last 30 days: The value oscillated between 41.3 €/MWh and 48,253 €/MWh.
Contract Q+1 (1st Quarter 2025)
- Prix: 40.916 €/MWh
- Evolution since 02/12/2024: -15%
- Fluctuation over the last 3 months: The price varied between €35,283/MWh and €48,054/MWh.
Contract Y+1 (Year 2025)
- Prix: 39.849 €/MWh
- Evolution since 02/12/2024: -13%
- Fluctuation over the last 12 months: Entre 26.616 €/MWh et 45.65 €/MWh.
General Trend and Predictions
PEG contract prices are currently showing a downward trend, which could mean more favorable market conditions for consumers. Forecasts for future listings on the EEX also suggest continued long-term price declines, evidence of adequate supply or lower expected demand.
Futures Quotes on EEX
- Future Monthly: The price is slightly lower for February (41.3 €/MWh) compared to December 2024 (45,901 €/MWh).
- Future Quarterly and Annual: A downward trend is also notable with quarterly and annual contracts projected downward, for example, the year 2026 is quoted at €33,944/MWh compared to €39,849/MWh for 2025.
This context of falling prices on PEG contracts and their implied fluctuations could result in more predictable and lower energy costs for the year to come. For market operators and consumers, this period could be a strategic opportunity to optimize their energy portfolios and consumption habits.
In conclusion, tracking EEX PEG indices remains essential to navigate this dynamic market and include strategic assessments based on energy price forecasts and trends.
| Contract Type | Date | Prix (€ / MWh) | Evolution (%) | Fluctuation (€ / MWh) |
|---|---|---|---|---|
| M+1 | February 2025 | 41.3 | -14% | 41.3 – 48.253 |
| Q+1 | 1st Quarter 2025 | 40.916 | -15% | 35.283 – 48.054 |
| Y+1 | Year 2025 | 39.849 | -13% | 26.616 – 45.65 |
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