Spot gas ES – 12/02/2021
Spanish spot gas prices fall due to lower demand and the drop of European gas prices. Demand goes down due to the milder temperatures and low CCGTs’ utilization.
Volume traded in DA contracts for delivery on the 12th amounts to 36.2 GWh. Total spot volumes traded on MIBGAS for delivery on the 11th amounted to 121 GWh, 11.6 % of daily demand.
Spanish DA reference price for the 12th moves down to 17.72 €/MWh (-0.59 €/MWh) with respect to previous day. Intraday auction price for the 12th decreases to 18.85 €/MWh (-1.37 €/MWh).
Demand forecast for the 12th decreases to 1,040 GWh (-100 GWh) with respect to previous day. Conventional demand goes down to 934 GWh (-34 GWh) and power sector demand goes down to 106 GWh (-66 GWh) due to higher wind production.
On the 11th, LNG inflows were 40.6% of total supply. There were no inflows from France.
On the European gas markets: TTF end of day price for the 12th decreases to 17.40 €/MWh (-1.18 €/MWh) and PEG price moves down to 17.19 €/MWh (-1.08 €/MWh).