2024-11-21 09:04:00
The EEX quotation for PEG Gaz future contracts represents the price at which natural gas can be traded on a specific future date in the PEG trading zone, i.e. the gas market zone in France. The price index is provided by the EEX (European Energy Exchange), and it represents an important benchmark for traders, industrial consumers, and energy companies in Europe. Setting forward prices helps protect against the volatility of energy prices.
The main contract categories include M+1 (next month), Q+1 (next quarter), and Y+1 (next year), which provide for different gas delivery deadlines.
Price as of November 19, 2024
M+1 Monthly Contracts (January 2025)
- Prix : 46.564 €/MWh
- Change from previous day : 0%
- 30-day price range : 39.092 €/MWh à 46.583 €/MWh
The M+1 contract showed some volatility over the past month, peaking early in the month. Its stabilization over the last few days indicates a possible consolidation of market expectations regarding energy needs in January.
Quarterly Contracts Q+1 (1st Quarter 2025)
- Prix : 46.296 €/MWh
- Change from previous day : 0%
- 90-day price range : 35.283 €/MWh à 46.356 €/MWh
The current stability does not make us forget the wide fluctuation observed over three months, reflecting the uncertainties over winter consumption in a tense European energy situation.
Annual Contracts Y+1 (Year 2025)
- Prix : 43.64 €/MWh
- Change from previous day : 0%
- 12-month price range : 26.616 €/MWh à 43.812 €/MWh
Although long-term prices are currently stable, they have shown significant variability throughout the year, peaking in February. This fluctuation could reflect the anticipation of structural changes in the gas market or expectations of increased demand.
Futures Quotes as of November 19, 2024
Monthly Futures
- January 2025 : 46.564 €/MWh
- February 2025 : 46.456 €/MWh
- Mars 2025 : 45.884 €/MWh
- Avril 2025 : 45.325 €/MWh
Future Quarterly
- 1st quarter 2025 : 46.296 €/MWh
- 2nd quarter 2025 : 44.262 €/MWh
Future Annuals
- Year 2025 : 43.64 €/MWh
- Year 2026 : 34.611 €/MWh
Conclusion
PEG prices for upcoming contracts provide valuable insight for anticipating market trends. As this data provides short-term stability, it also underlines the prediction of a long-term downward trend, suggested by future quotes, which could be opportune for market participants wishing to secure their supply at lower costs . The purpose of future contracts is to minimize fluctuations in gas prices over key consumption periods, while taking into account the numerous economic and geopolitical factors affecting the supply and demand of natural gas.
| Category | Prix (€/MWh) | Variation (%) | Price range (€/MWh) |
|---|---|---|---|
| M+1 Monthly Contracts (January 2025) | 46.564 | 0% | 39,092 to 46,583 |
| Quarterly Contracts Q+1 (1st Quarter 2025) | 46.296 | 0% | 35,283 to 46,356 |
| Annual Contracts Y+1 (Year 2025) | 43.64 | 0% | 26,616 to 43,812 |
| Futures Quotes as of November 19, 2024 | |||
| Monthly Futures – January 2025 | 46.564 | ||
| Monthly Futures – February 2025 | 46.456 | ||
| Monthly Futures – March 2025 | 45.884 | ||
| Monthly Futures – April 2025 | 45.325 | ||
| Quarterly Futures – 1st quarter 2025 | 46.296 | ||
| Quarterly Futures – 2nd quarter 2025 | 44.262 | ||
| Annual Futures – Year 2025 | 43.64 | ||
| Annual Futures – Year 2026 | 34.611 | ||
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#gas #cost #Thursday #November
How do the fluctuations in monthly and quarterly PEG Gaz contracts reflect broader trends in the European energy market?
**Interview on PEG Gaz Future Contracts with Energy Analyst, Dr. Laura Vance**
**Host:** Welcome to our program, where we discuss the latest trends in the energy market. Today, we’re joined by Dr. Laura Vance, an energy market analyst. Thank you for being here, Dr. Vance!
**Dr. Vance:** Thank you for having me!
**Host:** Let’s dive right in. The recent EEX quotations for PEG Gaz future contracts indicate some interesting trends. Could you explain what the PEG market represents and why it’s so crucial for European energy stakeholders?
**Dr. Vance:** Absolutely. The PEG, or Point d’Échange de Gaz, is a trading zone for natural gas in France. The EEX quotations provide an essential price index that helps traders, industrial consumers, and energy companies make informed decisions. These forward prices, like M+1, Q+1, and Y+1 contracts, help mitigate the volatility that often marks energy prices, especially in times of uncertainty.
**Host:** Right, and speaking of volatility, the M+1 monthly contracts for January 2025 are currently priced at 46.564 €/MWh. What can you tell us about the trend in this price over the past month?
**Dr. Vance:** The M+1 contract has experienced some fluctuations, peaking earlier this month. However, its recent stabilization suggests that the market might be consolidating its expectations for energy demands in January, as consumers and suppliers adjust their strategies based on anticipated weather and consumption patterns.
**Host:** That makes sense. What about the quarterly contracts, particularly the Q+1 for the first quarter of 2025? How do its current prices reflect market conditions?
**Dr. Vance:** The Q+1 contracts are currently at 46.296 €/MWh, and while there’s a sense of stability right now, it’s important to recognize the significant fluctuations seen over the last three months. These variations reflect the uncertainties surrounding winter consumption, which can be affected by economic factors and weather conditions. The market remains tense as it braces for potential peaks in demand.
**Host:** And when we look at the annual contracts priced at 43.64 €/MWh, do you think this stability is a sign of long-term confidence or is it just a temporary phase?
**Dr. Vance:** The long-term stability is notable, particularly since we’ve had significant price variability throughout the year. This could be indicative of a cautious optimism among market participants, perhaps in anticipation of structural changes or even increased demand in the future. However, it’s essential to continue monitoring geo-political and economic shifts that could disrupt these expectations.
**Host:** Thank you for those insights, Dr. Vance. For our final question, what should energy traders and companies keep an eye on as we approach the new year?
**Dr. Vance:** Traders should closely watch the weather forecasts, as they significantly impact gas consumption. Moreover, any developments in international energy policies and supply changes could also sway the market. Keeping an eye on broader economic indicators will be crucial for making informed trading decisions moving forward.
**Host:** Fantastic! Thank you for sharing your expertise with us today, Dr. Vance. We appreciate your insights.
**Dr. Vance:** Thank you for having me! It’s always a pleasure discussing these important topics.
