Digital Assets Report


Like this article?

Sign up to our free newsletter

PEGAS reports 19 per cent volume increase year-to-year in April

Related Topics

PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 147.7 TWh in March 2018, including 1.3 TWh on its options segment.

The spot and futures markets reported a total of 146.4 TWh which represents a year-to-year growth of 19 per cent (March 2017: 123.4 TWh), thanks mainly to an increase on PEGAS TTF Spot and Futures and a record-breaking month on PEGAS CEGH VTP Futures. 

Spot trading volumes in April amounted to 77.6 TWh, up 22 per cent over the previous year (63.4 TWh). The Dutch market area TTF registered 29.9 TWh, a growth of 86 per cent (April 2017: 16.1 TWh). GASPOOL increased its volume by 6 per cent with 9.7 TWh (April 2017: 9.1 TWh) for a total of 23.4 TWh on the German delivery zones. Trading of quality-specific contracts reached 6.1 TWh. The French delivery zones PEG Nord and TRS achieved a volume of 11.4 TWh (April 2017: 12.8 TWh). The Austrian CEGH VTP volume reached 6.0 TWh, up 72 per cent over the previous year (April 2017: 3.5 TWh). The Belgian hub ZTP saw another good monthly volume with 3.9 TWh, an increase of 11 per cent (April 2017: 3.5 TWh). The Danish market ETF reported 1.7 TWh, a growth of 13 per cent over last year (1.5 TWh). Finally, the Czech market area CZ VTP traded 102 GWh. 

Geographical spread transactions reached 4.7 TWh, while the German and French locational and hourly products totalled 1.0 TWh. 

In April, PEGAS derivatives reached 68.7 TWh, which represents a 15 per cent boost from the previous year (April 2017: 60.0 TWh). Volumes on the TTF futures market grew by 5 per cent to 54.9 TWh compared to April 2017 (52.5 TWh). In Germany, the NCG and GASPOOL delivery areas improved by 24 per cent with 6.0 TWh (April 2017: 4.9 TWh). Trading on the CEGH VTP delivery zone reached an all-time high with 4.8 TWh (previous record: 3.0 TWh in August 2017), becoming the second largest volume on PEGAS behind TTF for this specific period. In France, the PEG Nord and TRS market areas traded 1.6 TWh, up 8 per cent (April 2017: 1.5 TWh). The Italian PSV hubs almost tripled the previous year’s volume with 1.1 TWh (April 2017: 366 GWh). Trading on the CZ VTP hub amounted to 200 GWh.

The volume of geographical spread transactions accounted for 3.2 TWh and time spread transactions amounted to 3.3 TWh.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading