Spot gas ES – 24/02/2021
Spanish spot gas prices go down due to lower demand. High wind production leads to low CCGTs’ utilization.
Volume traded in DA contracts for delivery on the 24th amounts to 31.6 GWh. Total spot volumes traded on MIBGAS for delivery on the 23rd amounted to 73.7 GWh.
Spanish DA reference price for the 24th is 15.77 €/MWh (+0.02 €/MWh) with respect to previous day. Intraday auction price for the 24th moves down to 15.75 €/MWh (-0.25 €/MWh). Spanish intraday auction price tends to be more responsive to demand variations.
Demand forecast for the 24th decreases to 1,021 GWh (-60 GWh) with respect to previous day. Conventional demand goes down to 929 GWh (-33 GWh) and power sector demand moves down to 92 GWh (-27 GWh).
On the 23rd, LNG inflows were 41.4% of total supply. There were no inflows from France.
On the European gas markets: TTF end of day price for the 24th increases to 15.96 €/MWh (+0.13 €/MWh) and PEG price moves up to 16.02 €/MWh (+0.21 €/MWh).