Spanish Forward Gas Update – 04/03/2021
On the last day reported on the Spanish forward gas market (March 3rd), month and quarter-ahead reference prices moved down due to the decrease in European forward gas prices and year-ahead price remained stable.
On the 3rd, 27 GWh were traded for delivery in Apr-21. There were no exchanges reported in longer-term contracts.
Regarding reference prices:
Apr-21 price decreased to 15.50 €/MWh (-0.30 €/MWh).
Q2-21 price went down to 15.55 €/MWh (-0.33 €/MWh).
Cal-22 price remines stable at 17.43 €/MWh.
On the 3rd, Brent barrel price was 64.07 $/bbl (+1.37 $/bbl) and CO2 Dec-21 price moved down to 37.47 €/t (-0.88 €/t).
On the European gas markets: on the 3rd TTF MA price decreased to 15.56 €/MWh (-0.33 €/MWh) and PEG MA price went down to 15.35 €/MWh (-0.36 €/MWh). TTF Cal-22 was 16.45 €/MWh (-0.12 €/MWh).