Belpex is the arithmetic average of the hourly prices of EPEXSPOT Belgian Day-Ahead (hereafter referred to as Belpex) for the entire month, expressed in EUR/MWh. These hourly prices are published by EPEXSPOT in their daily report (https://www.epexspot.com/en/market-data).
Belpex is rounded to two decimal places.
EMarketCWE is the price for “baseload” electricity delivery in the Belgian market during quarter Q of year Y, calculated as follows:
1/3 * ‘Endex 12-12-12’ + 1/3 * ‘Endex 12-0-12’ + 1/3 * ‘Endex 3-0-3’
where the components are as follows :
All daily closing prices are for baseload electricity delivery in the Belgian market as published on the website of the 'the Intercontinental Exchange' (http://www.theice.com).
The quarters start on January 1st, April 1st, July 1st, and October 1st.
EMarketCWE is rounded to two decimal places.
ENDEX101, applicable during month M and expressed in EUR/MWh, is the arithmetic average of the daily closing prices for baseload electricity delivery in the Belgian market during month M, published during month M-1. These daily values are published by 'the Intercontinental Exchange' (http://www.theice.com)
Endex101 is rounded to two decimal places.
ENDEX126 for the period from January to June (Q1 and Q2) is equal to the average of all daily settlement values for baseload electricity supply in the Belgian market for the respective quarters (Q1 and Q2), published during the month of October preceding this period. These daily values are published by 'the Intercontinental Exchange' (http://www.theice.com)
ENDEX126 for the period from July to December (Q3 and Q4) is equal to the average of all daily settlement values for baseload electricity supply in the Belgian market for the respective quarters (Q3 and Q4), published during the month of April preceding this period. These daily values are published by 'the Intercontinental Exchange' (http://www.theice.com).
Endex126 is rounded to two decimal places.
ENDEX123, applicable for quarter Q, is equal to the average of all daily settlement values for baseload electricity supply in the Belgian market for quarter Q, published during the first month of quarter Q-1. These daily values are published by 'the Intercontinental Exchange' (http://www.theice.com). The quarters start on January 1st, April 1st, July 1st, and October 1st.
Endex123 is rounded to two decimal places.
ENDEX TTF 101, applicable during month M and expressed in EUR/MWh, is the arithmetic average of the daily closing prices for the delivery of natural gas on the Dutch market TTF (Title Transfer Facility) during month M, published during month M-1. These daily values are published by 'the Intercontinental Exchange' (http://www.theice.com)
Endex TTF 101 is rounded to three decimal places.
GMarketCWE is the arithmetic average of the daily closing prices of ICE Endex Dutch TTF Gas Futures for delivery in quarter Q, as published in euro per MWh during quarter Q-1 by ICE (http://www.theice.com).
GMarketCWE is rounded to three decimal places.
"HUB" is the index in EUR/MWh for forward natural gas contracts at Zeebrugge, as published in pence per therm in the “European Spot Gas Markets” (ESGM) by ICIS Heren, located at 1 Procter Street, Holborn, London WC1V 6EU, UK, under the title “Heren Monthly Indices” and the subtitle “Zeebrugge Hub”. The index for the delivery month will be the one published in ESGM on the first trading day of that same month. The Zeebrugge HUB index for natural gas in pence per therm is converted to EUR/MWh based on the monthly average exchange rates of the Euro against the British Pound Sterling (GBP) from the month immediately preceding the delivery month, as published by the European Central Bank, and using the conversion coefficient of 1 therm (15°C) = 0.0292768 MWh (25°C).
HUB is rounded to four decimal places.
TTF DA (TTF Day-Ahead) is the arithmetic average of the daily closing prices of Heren TTF Day-Ahead and Weekend prices. A daily closing price is the average of the bid and offer prices. We include the prices for all calendar days, including Saturdays, Sundays, and holidays, in the calculation. The prices for Saturdays and Sundays (weekends) are both included, even if they are the same.
The day-ahead price is applicable to the next working day after publication; a day-ahead price published on a Friday is applicable to the following Monday unless that Monday is a holiday. The weekend price is applicable to the consecutive non-working days after publication, namely the weekend days and, if applicable, holidays adjacent to a weekend. In other cases, such as a holiday in the middle of the week or other days when no price is published, we apply the same price as the previous calendar day. TTF DA is expressed in EUR/MWh.
These prices are published by ICIS in the ESGM report (Heren European Spot Gas Markets) under the title "TTF price assessment". ICIS Website: www.icis.com/energy.
TTF DA is rounded to three decimal places.
"ZEE100", expressed in EUR/MWh, for month m (delivery month), is the arithmetic monthly average of all Month Ahead mid (average of bid and offer) prices for natural gas traded at the Zeebrugge Hub, as daily published during the month immediately preceding the delivery month in the “European Spot Gas Markets” (ESGM) under the reference “ESGM Price Assessment-Zeebrugge Hub” by ICIS Heren, located at 1 Procter Street, Holborn, London WC1V 6EU, UK. The ZEE100 price in pence per therm is converted to EUR/MWh based on the monthly average exchange rates of the Euro against the British Pound Sterling (GBP) from the month immediately preceding the delivery month, as published by the European Central Bank, and using the conversion coefficient of 1 therm = 0.0293071 MWh.
ZEE100 is rounded to four decimal places.