Mibgas

Price

Day Ahead ES - 03/03

42,92 €/MWh
12,80 €/MWh
42,5%
Last Price (€/MWh) of the PVB daily product with delivery on the next working day (Day Ahead). The variation of this price with respect to the previous one is also indicated. Trading sessions in business days.

Last Price (€/MWh) of the Month Ahead PVB product with delivery the following month (M+1). The variation of this price with respect to the previous one is also indicated.

Calculation methodology according to the Market Instruction - Last price methodology. Data is updated at 6:00 p.m.

PVB: Spanish Virtual Trading Point

Price

Month Ahead ES - Apr

43,03 €/MWh
- €/MWh
- %
Last Price (€/MWh) of the VTP daily product with delivery on the next working day (Day Ahead). The variation of this price with respect to the previous one is also indicated. Trading sessions in business days.

Calculation methodology according to the Market Instruction - Last price methodology. Data is updated at 6:00 p.m.

VTP: Portuguese Virtual Balancing Point

Price

Day Ahead PT

41,28 €/MWh
11,18 €/MWh
37,1%
PVB PVB-LPI PVB-TTF TVB AVB VTP MIBGAS PVB Last Price Index (LPI) Day Ahead (€/MWh): Index calculated per gas day from the Last Price of the last trading session of the Day Ahead or Weekend products with delivery in the PVB, depending on the delivery day.

MIBGAS PVB Average Price Index (API) Day Ahead (€/MWh): Index calculated per gas day from the Reference Price of the last trading session, of the Day Ahead or Weekend products with delivery at the PVB, according to the delivery day.

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Last Price (€/MWh) of each product for the last trading session. Graphs show the evolution of the Last Price (€/MWh) for each product and trading session over the past 31 days.

Last Price calculation methodology according to the Market Instruction - Last price methodology. Data update at 6:00 p.m., except for the Within-day product with delivery in the PVB and in the VTP which is updated at 9:30 p.m.

- PVB: Spanish Virtual Balancing Point
- PVB-LPI: products with physical delivery at the PVB (Spanish Virtual Balancing Point), whose price is indexed to the MIBGAS PVB Last Price Index (LPI) Day Ahead plus the matched spread on the screen
- PVB-TTF: products with physical delivery at the PVB (Spanish Virtual Balancing Point), whose price is indexed to the TTF (Title Transfer Facility, dutch virtual trading point) plus the matched spread on the screen
- TVB: Spanish Virtual Balancing Tank
- AVB: Spanish Virtual Balancing Storage
- VTP: Portuguese Virtual Balancing Point
Index
Delivery
Price (€/MWh)
 
 
 
MIBGAS PVB
Last Price Index
(LPI) Day Ahead
03/03
42,92
MIBGAS PVB
Average Price Index
(API) Day Ahead
03/03
41,63
Product
Delivery
Price (€/MWh)
 
 
 
Within-day
02/03
41,71
04/03
42,26
 
05/03
42,00
 
Weekend
07/03 - 08/03
42,00
Balance of month
March 2026
43,00
May 2026
41,80
 
June 2026
40,57
 
Q3 2026
38,55
 
Q4 2026
36,42
 
Q1 2027
34,01
 
Winter 2026
35,23
 
Summer 2027
26,37
 
2028
22,62
 

News

Number of MIBGAS agents reaches 300
In January, 18.3 TWh were traded, the best start to the year in the history of the Iberian gas market
26/02/2026
MIBGAS increased its trading volume by 15.2% in 2025
The MIBGAS price (Day-Ahead product) traded below the TTF price for 182 days last year
14/01/2026
MIBGAS celebrates its tenth anniversary
MIBGAS celebrates its tenth anniversary, which was attended by around one hundred people from the sector
17/12/2025
MIBGAS collaborates with the Hydrogen Technology Observatory
MIBGAS contributes with a document in which it explains how it developed the methodology of the MIBGAS IBHYX index
09/12/2025
New functionality for registering bilateral (OTC) transactions
Starting this month, OTC trading of the D+1 product will be available through MIBGAS Derivatives.
23/09/2025
MIBGAS holds its Board of Directors meeting at the Barcelona LNG terminal
The directors toured the facilities of the first LNG plant opened on the Iberian Peninsula
23/07/2025
4000 MWh/d matched in a new auction of the PVB-LPI 25 Q4
MIBGAS Derivatives has held another auction in which a total of 4000 MWh/d at 0,065 €/MWh have been awarded
23/07/2025
MIBGAS updates the method for calculating the price of renewable hydrogen
The working group led by the market operator met on 12 June
15/07/2025
MIBGAS publishes a new issue of its quarterly newsletter
Among other topics, it discusses the daily and monthly trading records recorded in June on the Iberian gas market platform
10/07/2025