Introduction of new products and data sources

PEGAS: Strong increase of Spot and Futures volumes in October


New records on the PEG Nord Spot and TTF Futures Markets – Successful launch of quality-specific gas products and PEG Sud Futures

Leipzig, Paris, 6 November 2013 – PEGAS, the natural gas platform formed by cooperation between the European Energy Exchange (EEX) and Powernext, announced that a total volume of 22.5 TWh was traded on the platform and cleared by European Commodity Clearing (ECC) in October 2013. In the framework of this cooperation, EEX and Powernext have combined their natural gas market activities to create a pan-European gas market.

Spot Markets

Overall, trading volumes on the Spot Markets amounted to 15.2 TWh in October 2013 which represents an increase of 43 % compared to September 2013 (10.6 TWh). The German spot markets (GASPOOL and NCG market areas) registered a volume of 5.8 TWh. This volume includes 178,905 MWh traded in the quality-specific gas products which EEX launched on 1 October for the German gas market areas. The volume in the French spot markets (PEG Nord, PEG Sud, PEG TIGF market areas) amounted to 7.7 TWh which constitutes a new monthly record (+25 % compared with the previous record of 6.2 TWh registered in July 2013). This trend was confirmed on 1 November with a new daily volume record of 847,150 MWh registered on the PEG Spot markets (previous record: 694,210 MWh on 23 August 2013). The Dutch TTF Spot Market recorded a monthly volume of 1.7 TWh.

Derivatives Markets

In October 2013, trading volumes on the Derivatives Markets connected to PEGAS amounted to 7.3 TWh which represents an increase of 46 % compared to September 2013 (5.0 TWh). The German Futures markets (GASPOOL and NCG market areas) recorded a volume of 2.9 TWh. In the French market areas, a total of 2.8 TWh was traded on PEG Nord Futures and the PEG Sud Futures, newly introduced on 1 October (200 GWh). At 1.6 TWh in October, a new monthly record was reached in the TTF Futures market (previous record: 1.3 TWh in February 2013).

Details on the natural gas volumes and prices are available in the enclosed monthly report.

About PEGAS – Pan-European Gas Cooperation:

PEGAS is a cooperation between the European Energy Exchange (EEX) and Powernext. In the framework of this cooperation, both companies combine their natural gas market activities to create a pan-European gas offering. Members benefit from one common Trayport gas trading platform with access to all spot and derivatives market products offered by the two exchanges for the German, French and Dutch market areas. Furthermore, spread products between these market areas are tradable on the same trading platform. For more information: www.pegas-trading.com

About EEX:
The European Energy Exchange (EEX) is the leading European energy exchange. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group. For more information: www.eex.com

About Powernext:
Powernext SA manages complementary, transparent and anonymous energy markets. Powernext Gas Spot and Powernext Gas Futures were launched on 26 November 2008 in order to hedge volume and price risks for natural gas in France and in the Netherlands. Powernext manages the National Registry for electricity guarantees of origin in France since 1 May 2013. Powernext owns 50 % in EPEX SPOT and 20 % in EEX Power Derivatives. For more information: www.powernext.com

____________________________

PEGAS – Monthly Figures Report for October 2013

Volumes

 

Spot Market

Derivatives Market

 

Oct 2013
in MWh

Oct 2013
in MWh

GASPOOL

2,292,690

1,249,020

NCG

3,485,075

1,653,068

PEG Nord

4,609,160

2,557,380

PEG Sud

3,067,560

199,200

PEG TIGF

25,020

n/a

TTF

1,713,064

1,635,670

Total

15,192,569

7,294,338

Indices

Spot Market Index Name

Oct 2013 Index Value

(min. / max. in EUR/MWh)

GASPOOL EEX Daily Reference Price

25.493 / 27.271

NCG EEX Daily Reference Price

25.706 / 27.191

PEG Nord Powernext Gas Spot DAPPowernext Gas Spot EOD

25.59 / 27.80

25.20 / 27.97

PEG Sud Powernext Gas Spot DAPPowernext Gas Spot EOD

26.30 / 30.79

25.59 / 31.17

TTF EEX Daily Reference Price

24.600 / 28.250

   

 

Derivatives Market Index Name

Nov 2013 Index Value
(in EUR/MWh)

Germany EGIX (European Gas Index) – Monthly Average

27.110

GASPOOL EGIX – Monthly Average

27.055

NCG EGIX – Monthly Average

27.159

PEG Nord Powernext Gas Futures Monthly Index

27.55

PEG Sud Powernext Gas Futures Monthly Index

29.24

TTF Powernext Gas Futures Monthly Index

26.98

Data Sources: PEGAS  |  Effective Date: November 06, 2013


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