PEGAS Achieves New Records In January

PEGAS, the natural gas platform established by the European Energy Exchange (EEX) and Powernext, announced that a total volume of 43.0 TWh was traded on the platform in January. This is the highest volume since the launch of the cooperation in May 2013 and represents an increase of 55 % compared to the previous monthly record of 27.8 TWh achieved in November 2013.

Spot Markets

Overall, trading volumes on the Spot Markets amounted to 24.0 TWh in January 2014. In January, new monthly records have been reached on all PEGAS spot markets: The German spot markets (market areas GASPOOL and NCG) recorded a volume of 10.2 TWh (previous record: 8.5 TWh traded in November 2013). The volume included 1.7 TWh traded in quality-specific gas products in January. On the Dutch spot market, a volume of 4.2 TWh was traded which an increase of 66 % compared to the previous record (2.5 TWh traded in September 2013). In the French spot markets (market areas PEG Nord, PEG Sud, PEG TIGF) the traded volume amounted to 9.6 TWh (previous record 8.8 TWh in November 2013). In January 2014, the overall Spot Market volume included 1.4 TWh traded in spread products.

Jean-Francois Conil-Lacoste, CEO of Powernext, comments: “January is building on our 2013 successes. The records set in January demonstrate again that the physical focus of our cooperation matches the needs of our European customers.”

Derivatives Markets

In  January,  trading  volumes  on  the  PEGAS  Derivatives  Markets  amounted  to 19.0 TWh. The volume traded on the German Futures markets (GASPOOL and NCG market areas) amounted to 11.8 TWh which is the highest monthly volume that has been traded in these markets so far (previous record: 7.7 TWh in July 2010). In the French market areas, a total of 4.8 TWh was traded on PEG Nord and PEG Sud Futures. The TTF Futures market recorded a volume of 2.4 TWh in January. The overall Derivatives Market volume included 0.2 TWh traded in spread products.