PEGAS reaches a new volume record on the spot segment with 95.7 TWh in December

PEGAS reaches a new volume record on the spot segment with 95.7 TWh in December

Paris, 3 January 2018 - PEGAS, the pan-European gas trading platform operated by Powernext, achieved its best trading result to date on its spot segments, reaching a new record with 95.7 TWh (previous record: 85.4 in January 2017). The total traded volume amounted to 169.3 TWh in December, an increase of 11% compared to the previous year (December 2016: 152.1 TWh).

Spot Markets

Spot trading volume in December amounted to 95.7 TWh , representing an increase of 27% over the previous year (75.1 TWh). This new record was due to a series of highs in the Netherlands, France, Belgium, the U.K. and Austria. The Dutch market area TTF recorded 28.8 TWh (previous high: 23.3 TWh in October 2017), while the French PEGs traded 15.9 TWh (previous record: 14.9 TWh in November 2017), the Austrian CEGH VTP 7.0 TWh (previous record: 6.6 TWh in June 2017), the Belgian ZTP 4.7 TWh (previous record: 4.3 TWh in June 2017), and, finally, the English NBP with 246 GWh (previous high: 27 GWh in June 2016). The German delivery zones NCG and GASPOOL registered a volume of 34.9 TWh, while trading of quality-specific spot contracts reached 11.0 TWh. The Danish market ETF remained consistent with a volume of 1.8 TWh. The Czech CZ VTP market integrated the PEGAS platform on 8 December and traded 170 GWh up to the end of December.

Geographical spread transactions reached 6.2 TWh, while the German and French locational and hourly products totalled 1.8 TWh. The new CMP (Congestion Management Platform) for France saw a total volume of 226 GWh in December.

Derivatives Markets

In December, PEGAS derivatives reached 73.6 TWh . The TTF futures market finished the month of December with a total of 63.1 TWh, up 8% from last year (December 2016: 58.4). The NCG and GASPOOL delivery areas reached 4.1 TWh. In France, the PEG Nord and TRS market areas achieved 930 GWh. The Italian PSV delivery zone traded 3.5 TWh and the CEGH VTP market area totalled 1.6 TWh, up 40% from the previous year (December 2016: 1.1 TWh). The new CZ VTP hub reached 459 GWh.

Time spread transactions amounted to 2.9 TWh and the volume of geographical spread transactions accounted for 2.1 TWh.

On 8 December, PEGAS Futures markets migrated from Trayport’s Global Vision to the T7 platform. This move will improve the connectivity of financial institutions to PEGAS natural gas markets.

Details of the market results are available in the enclosed monthly report.


PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Austrian, Belgian, Czech, Danish, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location and time spread products. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.pegas-trading.com

 

PEGAS – Monthly Figures Report for December 2017

 

Gas Spot Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

95,678,799

75,082,164

CEGH VTP

7,000,800

2,631,970

CZ VTP

170,256

n/a

ETF

1,801,644

1,924,565

GASPOOL

12,120,476

10,449,088

NBP

246,151

1,993

NCG

22,785,028

20,213,252

PEG Nord

11,031,331

9,712,221

TRS

4,821,907

4,768,990

TTF

28,816,822

19,343,625

ZEE

158,992

652,056

ZTP

4,669,174

3,542,572

Congestion Management Platform (France)

226,000

n/a

Locational Products. incl. Hourly Products

1,830,218

1,841,832

 

 

 

Gas Derivatives Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

73,645,312

76,982,026

CEGH VTP

1,601,628

1,146,750

CZ VTP

459,321

n/a

ETF

22,320

282,720

GASPOOL

1,267,079

3,565,384

NBP

0

0

NCG

2,789,231

10,183,676

PEG Nord

545,017

1,946,600

PSV Physical

3,213,570

972,940

PSV Financial

263,380

37,200

TRS

385,330

197,160

TTF

63,098,436

58,433,622

ZEE

0

178,774

ZTP

0

37,200

                                                                                                                                                        



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