Mibgas

Price

Day Ahead ES - 10/11

82,01 €/MWh
4,37 €/MWh
5,1%
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 - Dec

81,00 €/MWh
3,38 €/MWh
4,0%
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

82,71 €/MWh
4,04 €/MWh
4,7%
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.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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
10/11
82,01
MIBGAS PVB
Average Price Index
(API) Day Ahead
10/11
84,18
Product
Delivery
Price (€/MWh)
 
 
 
Within-day
09/11
80,90
11/11
81,63
 
12/11
83,08
 
Weekend
14/11 - 15/11
81,58
Balance of month
November 2026
81,74
January 2027
81,77
 
February 2027
81,16
 
Q2 2027
65,09
 
Q3 2027
61,63
 
Q4 2027
59,52
 
Winter 2027
57,88
 
Summer 2028
37,15
 
2028
41,73
 

News

New OTC products added for registration on the MIBGAS platform
The maturity of monthly products has been extended to M+12 and that of annual products to Y+4
27/10/2026
Two New On-Demand Auctions Held at the Request of a Market Participant
Market Participants Embrace This Tool to Increase Flexibility in Their Natural Gas Purchasing and Procurement Strategies.
08/10/2026
MIBGAS trades more than 154 TWh in the first nine months of 2026
The trading volume on MIBGAS was 154.3 TWh, 14.7% higher than that recorded in the same period in 2025
07/10/2026
New products available for OTC registration
MIBGAS is incorporating new options for OTC registrations of intraday products in PVB and TVB, and intraday or D+1 products in AVB
24/09/2026
Repsol joins MIBGAS Derivatives as a market maker
Axpo continues to perform this role after seven years offering this service in natural gas futures and also in LNG products
08/07/2026
Extension of trading hours for Withinday product
This product, traded in the Spanish PVB and Portuguese VTP, may be negotiated until 11 PM
16/06/2026
MIBGAS redesigns its mobile pricing app
This new version offers a better user experience by simplifying the steps and screens for accessing the information
25/05/2026
MIBGAS and DXT Commodities reach an agreement to promote LNG trading on the TVB
MIBGAS and DXT Commodities have signed an agreement for this agent to submit attractive LNG sale bids on the TVB in intraday and next day (D+1) products
07/05/2026
MIBGAS publishes its 2025 annual report
It analyses a landmark year in which the Iberian gas market celebrated its tenth anniversary
25/03/2026