Spanish Forward Gas Update – 09/02/2021
On the last day reported on the Spanish forward gas market (February 8th), reference prices increased in all maturities due to the upward pressures in European gas markets.
On the 8th, 52.7 GWh were traded for delivery in Mar-21. There were no exchanges reported in longer-term contracts.
Regarding reference prices:
Mar-21 price moved up to 19.18 €/MWh (+0.95 €/MWh).
Q2-21 price went up to 17.96 €/MWh (+0.65 €/MWh).
Cal-22 price increased to 18.66 €/MWh (+0.46 €/MWh).
On the 8th, Brent barrel price was 60.56 $/bbl (+1.22 $/bbl) and CO2 Dec-21 price moved up to 38.61 €/t (+0.41 €/t).
On the European gas markets: on the 8th TTF MA price increased to 20.16 €/MWh (+1.76 €/MWh) and PEG MA price went up to 19.89 €/MWh (+1.70 €/MWh). TTF Cal-22 was traded at 17.55 €/MWh (+0.47 €/MWh).