PEGAS records its best monthly volume of 2018 supported by significant all-around increases

PEGAS records its best monthly volume of 2018 supported by significant all-around increases
PEGAS trading volumes in October 2018

Paris, 5 November 2018 - PEGAS, the pan-European gas trading platform operated by Powernext, achieved its highest monthly volume of 2018 with 191.5 TWh traded in October. A strong spot segment supported this increase, as well as a flurry of activities on TRS Spot ahead of the French zone merger leading to a final record with 8.2 TWh (previous record: 5.7 TWh in March 2018). The Options segment also registered a volume best since its launch with 2.4 TWh. 

Spot Markets

Spot trading volumes in October reached 106.3 TWh, up 41% over the previous year (75.7 TWh). The Dutch TTF market saw an increase of 56% with 36.3 TWh traded over the month (October 2017: 23.3 TWh). The German delivery zones NCG and Gaspool closed October with 32.2 which represented a growth of 25% compared to the previous period (October 2017: 25.8 TWh). Trading of quality-specific contracts reached 7.7 TWh. With the volume record on TRS, the French delivery zones (PEG Nord and TRS) reached a final volume of 18.9 TWh (up 41% from last year’s volume of 13.4 TWh) before the launch of a unified trading zone on 1st November. The Austrian CEGH VTP volume registered 8.0 TWh, up 25% (October 2017: 6.4 TWh). The Belgian markets ZTP and ZEE volumes traded 7.4 TWh, up 81% (October 2017: 4.1 TWh), including a monthly record on ZTP with 6.8 TWh (previous record: 6.6 TWh in August 2018). The Danish market ETF registered 2.0 TWh, which was an increase of 19% (October 2017: 1.6 TWh). Finally, the Czech market area CZ VTP traded 374.1 GWh. 

Geographical spread transactions reached 8.8 TWh, while the German and French locational and hourly products totalled 1.1 TWh. 

Derivatives Markets

In October, PEGAS derivatives reached 82.8 TWh (October 2017: 111.7 TWh). The TTF market saw a total volume of 68.1 TWh (October 2017: 96.1 TWh), while the trading volumes in the NCG and GASPOOL delivery areas reached 5.8 TWh (October 2017: 7.6 TWh). Once again, CEGH VTP more than doubled last year’s volume with 4.6 TWh (October 2017: 2.0 TWh). The PEG market area reached 1.4 TWh (October 2017: 1.3 TWh). The Italian PSV hub registered 1.3 TWh (October 2017: 4.3 TWh). The ZTP and ZEE hubs totalled 968.2 GWh doubling last year’s volume (October 2017: 316.8 GWh). Finally, the CZ VTP hub registered a new monthly trading record with 496.2 GWh (previous record: 459.3 GWh in December 2017).

The volume of geographical spread transactions accounted for 3.6 TWh and time spread transactions amounted to 2.5 TWh. Finally, 18.7 TWh were traded on PEGAS’ OTC platforms.

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, time spread, and options products on the TTF hub. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.powernext.com/pegas-trading   


PEGAS – Monthly Volume Report for October 2018

Gas Spot Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

106,322,898

75,661,744

CEGH VTP

8,023,465

6,395,137

CZ VTP

374,141

n/a

ETF

1,956,518

1,642,385

GASPOOL

13,041,632

9,162,281

NBP

8,968

32,707

NCG

19,170,832

16,650,750

PEG Nord

10,708,456

9,186,917

TRS

8,217,753

4,243,681

TTF

36,291,181

23,252,528

ZEE

620,636

154,390

ZTP

6,821,888

3,957,096

Congestion Management Platform (France)

 

n/a

Locational Products. incl. Hourly Products

1,087,428

983,872

Gas Derivatives Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

82,784,109

111,686,725

CEGH VTP

4,599,109

2,031,005

CZ VTP

496,185

n/a

ETF

3,720

22,320

GASPOOL

1,967,248

2,684,423

NBP

42,906

0

NCG

3,838,786

4,899,803

PEG

1,445,880

1,275,310

PSV

1,276,412

4,257,720

TTF

68,145,668

96,147,984

ZEE

0

0

ZTP

968,195

316,800

Gas Options Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

2,371,680

N/A

TTF

2,371,680

N/A