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Evolution of gas prices
on the wholesale market

The purchase and supply of natural gas takes place both in the long term (forward market) and in the short term (spot market). Your gas price depends among other variables on the contract type and delivery period. Below you will find an overview of the different prices and corresponding price movements.
Forward market

Long-term market where natural gas is traded for a future supply.

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Spot market

Short-term market where natural gas is traded for a supply the next day - ICE Endex.

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Forward market

On the forward market (long-term market), energy is traded for a future supply at a price determined today. This ensures some peace of mind: you know exactly how much you will be paying for your natural gas in the future.


CAL
The price on the forward market for delivery of the next three years:
CAL+1, CAL+2 and CAL+3.


Q
The price on the forward market for delivery of the next four quarters:
Q+1, Q+2, Q+3 and Q+4.


M
The price on the forward market for delivery of the next three months:
M+1, M+2 and M+3.


Price parameters
Depending on your energy contract, the price on your invoice
may be linked to a specific index or not:

TTF 101
An index based on the arithmetic mean of the daily "settlement" prices TTF ICE Endex during the month preceding the month of delivery. The price for natural gas of your contract is indexed monthly.

TTF 103
An index based on the arithmetic mean of the daily prices of TTF natural gas "ESGM" during the month preceding the trimester of delivery. The price for natural gas of your contract is quarterly indexed.

Spot market
The spot market is the short-term market. You buy gas which will already be delivered the next day. In contrast to the forward market, the time between purchase and delivery is very short. The short-term prices in Belgium are published by ICE Endex.

TTF ADA
An index based on the arithmetic average of all end-of-day settlement prices for natural gas delivery during each day of the month of supply (ICE Endex).

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