Spanish Forward Gas Update – 04/02/2021
On the last day reported on the Spanish forward gas market (February 3rd), reference prices showed different movements. Month and quarter-ahead prices went down due to the fall in European prices while year-ahead price increased.
On the 3rd, 48 GWh were traded for delivery in Mar-21. There were no exchanges reported in longer-term contracts.
Regarding reference prices:
Mar-21 price moved down to 17.42 €/MWh (-0.64 €/MWh).
Q2-21 price went down to 16.88 €/MWh (-0.08 €/MWh).
Cal-22 price moved up to 17.81 €/MWh (+0.26 €/MWh).
On the 3rd, Brent barrel price increased to 58.46 $/bbl (+1.00 $/bbl) and CO2 Dec-21 price moved up to 37.43 €/t (+2.46 €/t).
On the European gas markets: on the 3rd TTF MA price decreased to 17.86 €/MWh (-0.45 €/MWh) and PEG MA price went down to 17.83 €/MWh (-0.39 €/MWh). TTF Cal-22 was traded at 16.73 €/MWh (-0.25 €/MWh).