PEGAS trading volumes in November 2018

PEGAS trading volumes in November 2018
PEGAS reports strong spot volumes in November including a record-breaking month on TTF

Paris, 4 December 2018 - PEGAS, the pan-European gas trading platform operated by Powernext, reported its best monthly volume in 2018 with 193.3 TWh traded in November. Once again, the spot segment posted a strong activity with 103.9 TWh, including the highest traded volume on PEGAS TTF Spot with 42.1 TWh (previous record: 41.3 TWh in March 2018). 

Spot Markets

Spot trading volumes in November reached 103.9 TWh, up 40% over the previous year (74.3 TWh). With its new record (42.1 TWh), the Dutch TTF market saw an increase of over 90% (November 2017: 22.1 TWh). The German delivery zones NCG and Gaspool registered a volume of 33.2 TWh which represented a growth of 32% compared to the previous period (November 2017: 25.3 TWh). Trading of quality-specific contracts reached 8.8 TWh. Following the launch of a unique delivery zone in France, the PEG achieved 9.4 TWh (November 2017: 14.9 TWh). The Austrian CEGH VTP volume registered 7.2 TWh, up 26% (November 2017: 5.7 TWh). The Belgian markets ZTP and ZEE volumes amounted to 7.3 TWh, which represented motre than a two-fold increase from last year (2.9 TWh). The Danish market ETF registered 2.7 TWh, which was a growth of 77% (November 2017: 1.5 TWh). Finally, the Czech market area CZ VTP traded 442 GWh. 

Geographical spread transactions reached 5.9 TWh, while the German and French locational and hourly products totalled 1.5 TWh. 

Derivatives Markets

In November, derivatives trading reached 89.4 TWh (November 2017: 120.3 TWh). The TTF market registered a total volume of 74.2 TWh (November 2017: 101.3 TWh). The NCG and GASPOOL delivery areas traded 5.5 TWh (November 2017: 9.6 TWh). CEGH VTP more than doubled last year’s volume with 5.2 TWh (November 2017: 1.9 TWh). The PEG market area followed suit with 2.3 TWh (November 2017: 738 GWh). The Italian PSV hub registered 1.4 TWh (November 2017: 6.3 TWh). The ZTP and ZEE hubs totalled 265.6 GWh (November 2017: 379.8 GWh). Finally, the CZ VTP hub registered 549 GWh.

The volume of geographical spread transactions accounted for 4.5 TWh and time spread transactions amounted to 6.1 TWh. Finally, 7.1 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 

 

 

Gas Spot Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

103,929,009

74,264,031

CEGH VTP

7,185,595

5,722,532

CZ VTP

442,032

n/a

ETF

2,706,277

1,526,127

GASPOOL

14,088,420

9,733,544

NBP

10,228

5,920

NCG

19,150,890

15,523,140

PEG

9,429,734

14,858,660

TTF

42,110,527

22,110,623

ZEE

1,113,615

177,807

ZTP

6,188,244

2,737,096

Congestion Management Platform (France)

 

n/a

Locational Products. incl. Hourly Products

1,503,447

1,868,582

Gas Derivatives Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

89,380,869

120,251,038

CEGH VTP

5,152,152

1,862,905

CZ VTP

549,000

n/a

ETF

0

52,080

GASPOOL

1,138,275

2,284,819

NBP

7,180

0

NCG

4,361,168

7,312,917

PEG

2,346,822

737,850

PSV

1,362,907

6,284,280

TTF

74,197,808

101,336,354

ZEE

0

22,713

ZTP

265,557

357,120

Gas Options Market

Monthly volume
in MWh

Monthly volume – previous year
in MWh

Total

89,280

N/A

TTF

89,280

N/A