• Spot Market     Jan 28, 2021

Spot gas ES – 28/01/2021

Spanish spot gas prices fall due to lower demand. Demand goes down due to milder temperatures and lower CCGTs’ utilization.

Volume traded in DA contracts for delivery on the 28^th amounts to 90.1 GWh. Total spot volumes traded on MIBGAS for delivery on the 27^th amounted to 188 GWh.

Spanish DA reference price for the 28^th moves down to 19.71 €/MWh (-2.38 €/MWh) with respect to previous day. Intraday auction price for the 28^th decreases to 19.70 €/MWh (-1.90 €/MWh).

Demand forecast for the 28^th decreases to 1,078 GWh (-22 GWh) with respect to previous day. Conventional demand goes down to 942 GWh (-6 GWh), and power sector demand goes down to 136 GWh (-16 GWh).

On the 27^th, LNG inflows were 28% of total supply. Inflows from France amounted to 147 GWh, 14% of total supply.

On the European gas markets: TTF end of day price for the 28^th goes up to 19.66 €/MWh (+0.14 €/MWh) and PEG price increases to 19.63 €/MWh (+0.04 €/MWh).

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