Spanish Forward Gas Update – 29/01/2021
On the last day reported on the Spanish forward gas market (January 28th), reference prices went up in all maturities driven by the increase in European forward gas prices.
On the 28th, 67.5 GWh were traded for delivery in Feb-21. There were no exchanges reported in long-term contracts.
Regarding reference prices:
Feb-21 price increased to 21.27 €/MWh (+0.28 €/MWh).
Q2-21 price went up to 17.65 €/MWh (+0.25 €/MWh).
Cal-22 price moved up to 17.92 €/MWh (+0.13 €/MWh).
On the 28th, Brent barrel price decreased to 55.53 $/bbl (-0.28 $/bbl) and CO2 Dec-21 price increased to 33.95 €/t (+0.67 €/t).
On the European gas markets: on the 28th TTF MA price moved up to 20.84 €/MWh (+1.16 €/MWh) and PEG MA price went up to 20.75 €/MWh (+1.15 €/MWh). TTF Cal-22 was traded at 16.70 €/MWh (+0.19 €/MWh).