Skip to main content

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.

View
Spot market

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

View

 

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.

View

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

View

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

View

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.
View
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.
View

ZTP 101
The price for natural gas of your contract is indexed monthly. ZTP 101 is an index representing the arithmetic average of all daily (working days) ZTP month-ahead “mid” prices (i.e. average of bid and ask prices) for the month of supply, as published by ICIS-Heren Energy Ltd during the month preceding the month of supply.

View

 

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).
View

ZTP ADA
An index corresponding to the arithmetic average of all daily ZTP day-ahead “mid” prices (i.e. the average of the “bid” and “ask” prices) for the month of supply, as published by ICIS-Heren Energy Ltd during the month of supply.

View
Optimise your energy purchases
 

Download your guide about the energy market:

  • Discover how the energy market really works
  • We guide you towards the right energy formula
  • Receive tools to monitor the energy market
  • Speel beter in op prijsschommelingen
Download the guide (FR)

Seize the opportunities on the energy market.
How? Simple:

  1. Step 1 of 4: Subscribe to our newsletter

    Receive weekly highlights of the energy markets in your mailbox thanks to Energy Market News.
    Register >

  2. Step 2 of 4: Download the e-book

    How does the electricity price come about? And how do you detect an opportunity on the market? We'll provide you with a clear explanation.
    Download e-book >

  3. Step 3 of 4: Set your price alerts

    Via Target Alert you will receive a text message or email when your targets are met. Never miss another opportunity on the market!
    More info >

  4. Step 4 of 4: Follow us on LinkedIn

    Follow the energy market closely: clear and concise. You will receive the latest analyses of the most important market developments and the influence on energy prices. This helps you to make the right purchase decisions.
    Towards LinkedIn >

A quotation for your company?

Request an energy offer tailored
to your company or public institution online.

Request a quotation >