The MAGI gas index for August 2013 is 27.5377 €/MWh. Published for the first time in August 2012 in co-operation with REF-E and TFS Energy, MAGI is calculated as a 70% weighting of all confirmed PSV deals and a 30% weighting of GeEO’s average month ahead PSV price assessment. The transaction component of MAGI of 27.5315 €/MWh was calculated as the weighted average of
22 transactions representing 956 MW of August gas.
At VTP, a record high 62 reported deals representing 2,540 MW of August gas produced a transaction based index (IMST) of 27.0140 €/MWh. The 70/30 weighting of the transaction and quotation indices of 27.0124 €/MWh was around 0.53 €/MWh lower than the MAGI index.
Italian month ahead power prices increased from July as 110 trades representing 890 MW of baseload August power produced a transaction based index (IMST) of 66.6444 €/MWh. 150 MW was executed on Borsa Italiana’s Idex futures market whilst 5 MW was executed on GME’s MTE platform.
The implied month ahead spark spread based on the 70/30 weighting of the transaction and quotation based power indices less the cost of PSV gas at the MAGI index price was 10.5868 €/MWh. This compares to a GR04 spark spread of
–12.9206 €/MWh. This month’s quotation based indices and the assessment component of the MAGI index represent the average of the bids and offers published for August in the 23 daily issues of GeEO published in July.
|Total volume (in MW) for power and gas (left hand axis) and number of transactions (right hand axis):|