Spot gas ES – 12/03/2021
Spanish spot gas prices go down due to decreasing demand.
Volume traded in DA contracts for delivery on the 12th amounts to 23.4 GWh. Total spot volumes traded on MIBGAS for delivery on the 11th amounted to 88 GWh.
Spanish DA reference price for the 12th goes down to 17.78 €/MWh (-0.09 €/MWh) with respect to previous day. Intraday auction price for the 12th decreases to 17.95 €/MWh (-0.55 €/MWh).
Demand forecast for the 12th decreases to 1,015 GWh (-23 GWh) with respect to previous day consolidated demand. Conventional demand goes down to 920 GWh (-20 GWh) and power sector demand moves down to 95 GWh (-3 GWh).
On the 11th, LNG inflows were 44.2 % of total supply.
On the European gas markets: TTF end of day price for the 12th increases to 18.10 €/MWh (+0.24 €/MWh) and PEG price moves up to 17.86 €/MWh (+0.40 €/MWh).