Exchange Market
CEGH Indices
EEX CEGH SPOT MARKET INDICES AND PRICE REFERENCES
We currently provide the following indices / price reference for the EEX CEGH VTP spot market: CEGHIX® (EEX EGSI CEGH VTP Day) and CEGHEDI® (EEX CEGH VTP EOD).
These indices are calculated daily and may be used as industry benchmarks for the CEE region.
CEGHIX® and CEGHEDI® are available here or you can subscribe for the daily email notifications here.
The CEGHIX® also referred to as EEX European Gas Spot Index EGSI Day is the volume-weighted average price of trades in the day-ahead and weekend contracts executed between 8.00 am and 6.00 pm (CE(S)T) on the exchange trading day before the start of the delivery period of the contract.
The CEGHEDI® also referred to as EEX CEGH VTP EOD is primarily based on concluded trades and the EEX orderbook situation between 17:15 CE(S)T and 17:30 CE(S)T on Exchange Days. Only trades and orders that fulfil specific parameters are considered.
EEX CEGH FUTURES MARKET INDICES
CEGH provides the following indices and price references for the EEX CEGH VTP Futures market. These are calculated and published on a frequent basis and may be used as industry benchmarks for the CEE region.
- EEX Monthly Index CEGH VTP
Furthermore, CEGH offers eight indices for the futures market based on EEX price data:
- CEGH Front Quarter Index
- CEGH First Front Month Reference Index
- CEGH FM 22
- CEGH FQ 22
- CEGH ETS2 FM 22
- CEGH ETS2 FQ 22
- CEGH Weighted Season Index (CEGH WSI)
- CEGH Weighted Season Reference Index (CEGH WSRI)
The EEX Monthly Index CEGH VTP is determined on a monthly basis as the arithmetic average of all Daily Settlement Prices for Natural Gas Futures in the respective front month. For more details, please refer to the methodology in the Specification.
The data for the last 6 months can be found here (at the bottom of the page) and directly downloaded here.
Specification EEX CEGH Front Month Index
The CEGH Front Quarter Index is determined on a quarterly basis, as the arithmetic average of the Daily Settlement Prices of the front quarter EEX CEGH Natural Gas Quarter Futures contract in question. For more details, please refer to the methodology in the Specification.
You can find the data on the Market Data page here at the bottom of the page or download it directly:
The CEGH First Front Month Reference Index (CEGH 1FM Index) is an index developed especially for the Austrian gas market. It shows the price evolution of the front month contracts in comparison to a reference period’s price index. It is the percentage value of the current front month contract in comparison to the reference month. For more details, please refer to the methodology in the Specification.
You can find the Index Data on our Market Data page: CEGH 1FM Index
Specification CEGH First Front Month Reference Index
The CEGH FM 22 is a special index developed for the Austrian gas market. It takes into account only trades of the EEX CEGH Natural Gas Month Futures contract up to the 22nd day of the preceding month. For more details, please refer to the methodology in the Specification.
The CEGH FQ 22 is a special index developed for the Austrian gas market. It takes inter alia into account the average price of the first, second, third and fourth front quarter. For more details, please refer to the methodology in the Specification.
The CEGH ETS2 FM 22 is published as a special index for the Gas Market in Austria, including the price component of the EU ETS2 scheme. The index is based on the First Front Month contract of the CEGH Gas Exchange Futures Market, calculated as an average price of all trading days from the first calendar day until day 22 of the respective month. The EEX EU ETS2 Futures price component is calculated in the same period for the December contract delivered in the same year.
The CEGH ETS2 FQ 22 is very similar to the CEGH ETS2 FM 22 index. It was especially developed for the Austrian gas market, including the price component of the EU ETS2 scheme. It only takes into account trades of the first 4 front quarter contracts to the 22nd day of the preceding quarter. The EEX EU ETS2 Futures price component is calculated in the same period for the December contract delivered in the same year of the respective natural gas contracts. It shows the combined price evolution of the front quarter contracts and ETS2 price component compared to a reference period’s price index.
The CEGH Weighted Season Index (CEGH WSI) is based on the settlement prices of different Season Futures contracts as a weighted average between winter and summer season products. For more details, please refer to the methodology in the Specification.
The CEGH Weighted Season Reference Index (CEGH WSRI) represents the current value of the CEGH Weighted Season Index as a percentage of a reference period.
The reference period is the delivery month of January 2019 which had a price index of 22.056 EUR/MWh.
