Spot gas ES – 29/01/2021
Spanish spot gas prices go up influenced by higher European prices. Volumes traded on the Spanish gas exchange (MIBGAS) are above the average levels.
Volume traded in DA contracts for delivery on the 29th amounts to 65.4 GWh. Total spot volumes traded on MIBGAS for delivery on the 28th amounted to 181 GWh, 17.5% of daily demand.
Spanish DA reference price for the 29th moves up to 20.51 €/MWh (+0.80 €/MWh) with respect to the previous day. Intraday auction price for the 29th increases to 22.60 €/MWh (+2.90 €/MWh).
Demand forecast for the 29th decreases to 1,026 GWh (-32 GWh) with respect to previous day consolidated demand. Conventional demand goes down to 920 GWh (-13 GWh) and power sector demand decreases to 106 GWh (-19 GWh).
On the 28th, LNG inflows were 35,5% of total supply. Inflows from France amounted to 102, 10% of total supply.
On the European gas markets: TTF end of day price for the 29th goes up to 20.83 €/MW (+1.17 €/MWh) and PEG increases to 20.76 €/MWh (+1.13 €/MWh).