• Spot Market     Feb 09, 2021

Spot gas ES – 09/02/2021

Spanish spot gas prices go up pushed by higher European prices. Demand remains at low levels due to scarce CCGTs’ utilisation caused by high wind production.

Volume traded in DA contracts for delivery on the 9^th amounts to 58 GWh. Total spot volumes traded on MIBGAS for delivery on the 8^th amounted to 123 GWh.

Spanish DA reference price for the 9^th moves up to 18.93 €/MWh (+0.93 €/MWh) with respect to previous day. Intraday auction price for the 9^th increases to 18.90 €/MWh (+0.10 €/MWh).

Demand forecast for the 9^th decreases to 1,049 GWh (-28 GWh) with respect to previous day. Conventional demand goes up to 1,001 GWh (+2 GWh) but power sector demand falls to 48 GWh (-30 GWh).

On the 8^th, LNG inflows were 46.4% of total supply. There were no inflows from France.

On the European gas markets: TTF end of day price for the 9^th increases to 20.73 €/MWh (+2.29 €/MWh) and PEG price moves up to 20.42 €/MWh (+2.20 €/MWh).

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