• Spot Market     Feb 11, 2021

Spot gas ES – 11/02/2021

Spanish spot gas prices go up due to increasing demand. Higher CCGTs’ utilization drives gas demand up.

Volume traded in DA contracts for delivery on the 11^th amounts to 59.4 GWh. Total spot volumes traded on MIBGAS for delivery on the 10^th amounted to 125 GWh.

Spanish DA reference price for the 11^th moves up to 18.31 €/MWh (+0.12 €/MWh) with respect to previous day. Intraday auction price for the 11^th increases to 18.85 €/MWh (+0.36 €/MWh).

Demand forecast for the 11^th increases to 1,133 GWh (+17 GWh) with respect to previous day. Conventional demand goes down to 977 GWh (-15 GWh) and power sector demand increases to 156 GWh (+32 GWh).

On the 10^th, LNG inflows were 45% of total supply. There were no inflows from France.

On the European gas markets: TTF end of day price for the 11^th decreases to 19.27 €/MWh (-0.54 €/MWh) and PEG price moves down to 19.29 €/MWh (-0.26 €/MWh).

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