Spot gas ES – 11/03/2021
Spanish spot gas prices go up due to the increase in European prices while total demand moves down influences by lower power sector consumption.
Volume traded in DA contracts for delivery on the 11th amounts to 31.8 GWh. Total spot volumes traded on MIBGAS for delivery on the 10th amounted to 93 GWh, 9.2 % of daily demand.
Spanish DA reference price for the 11th goes up to 17.87 €/MWh (+0.80 €/MWh) with respect to previous day. Intraday auction price for the 11th increases to 18.50 €/MWh (+0.51 €/MWh).
Demand forecast for the 11th decreases to 1,031 GWh (-108 GWh) with respect to previous day consolidated demand. Conventional demand goes down to 942 GWh (-45 GWh) and power sector demand moves down to 89 GWh (-63 GWh).
On the 10th, LNG inflows were 45.4 % of total supply. Inflows from France amounted to 55 GWh, 4.8 % of total supply.
On the European gas markets: TTF end of day price for the 11th increases to 17.86 €/MWh (+0.60 €/MWh) and PEG price moves up to 17.46 €/MWh (+0.62 €/MWh).