Spot gas ES – 25/02/2021

Spanish DA price remains stable while intraday auction price goes up due to the increase in demand. Demand increases due to higher power sector consumption.

Volume traded in DA contracts for delivery on the 25th amounts to 31.9 GWh. Total spot volumes traded on MIBGAS for delivery on the 23rd amounted to 133 GWh.

Spanish DA reference price for the 25th goes down to 15.75 €/MWh (-0.02 €/MWh) with respect to previous day. Intraday auction price for the 25th moves up to 16.00 €/MWh (+0.25 €/MWh). Spanish intraday auction price tends to be more responsive to demand variations.

Demand forecast for the 25th increases to 1,065 GWh (+37 GWh) with respect to previous day. Conventional demand goes up to 928 GWh (+6 GWh) and power sector demand grows to 92 GWh (+31 GWh).

On the 24th, LNG inflows were 38.7 % of total supply. There were no inflows from France.

On the European gas markets: TTF end of day price for the 25th increases to 16.21 €/MWh (+0.05 €/MWh) and PEG price moves up to 16.27 €/MWh (+0.25 €/MWh).


luca.bai@k4view.com