EGIX – European Gas Index
The European Energy Exchange AG (EEX) publishes a new European Gas Index – EGIX – as of 27 January 2011. Thus, EEX establishes a transparent reference price for the natural gas market.
The new gas price index by EEX is based on all exchange trades concluded in the respectively current front month contracts of the NCG and GASPOOL market areas on the Derivatives Market. On the basis of these trading transactions EEX then calculates a volume-weighted average price across all transactions. EGIX corresponds to the arithmetic mean across all daily values which are established until that time and refer to the same front month. The daily values and the monthly averages for the EGIX are established for the market areas NCG and GASPOOL as well as for a virtual market area comprising Germany.
EGIX corresponds to the respective current market price for natural gas at all times, regardless of the development of the prices for natural gas substitutes, such as oil or coal. Gas companies which use the EGIX in gas contracts can hedge the contractual prices via exchange trading accordingly.
EGIX will be calculated on each exchange trading day and be published on EEX’s website in the section Market Data. Furthermore, EEX provides historical data for EGIX.
The new gas price index by EEX is based on all exchange trades concluded in the respectively current front month contracts of the NCG and GASPOOL market areas on the Derivatives Market. On the basis of these trading transactions EEX then calculates a volume-weighted average price across all transactions. EGIX corresponds to the arithmetic mean across all daily values which are established until that time and refer to the same front month. The daily values and the monthly averages for the EGIX are established for the market areas NCG and GASPOOL as well as for a virtual market area comprising Germany.
EGIX corresponds to the respective current market price for natural gas at all times, regardless of the development of the prices for natural gas substitutes, such as oil or coal. Gas companies which use the EGIX in gas contracts can hedge the contractual prices via exchange trading accordingly.
EGIX will be calculated on each exchange trading day and be published on EEX’s website in the section Market Data. Furthermore, EEX provides historical data for EGIX.
| Further Information | |
| EEX Press Release 2011-01-27 Launch of the new EEX Gas Price Index | download PDF (116 KB) |
| Presentation 2011-01-27 (European Gas Conference, Vienna) "The European Gas Index (EGIX) – challenging existing gas pricing mechanisms" Dr. Hans-Bernd Menzel, CEO European Energy Exchange AG (EEX) | English: download PDF (1,4 MB) |
| EGIX - European Gas Index Information Paper | German: |
| Flyer EGIX - European Gas Index | download PDF (2.5 MB) |
