GeEO June indices MAGI June at 25.4150 €/MWh

The MAGI gas index for June 2021 is 25.4150 €/MWh. Published since August 2012 in co-operation with Tradition, MAGI is calculated as a 70% weighting of all confirmed PSV deals and a 30% weighting of GeEO’s average month ahead PSV price assessment.
Following another sharp rise in prices, the MAGI gas index for Q321 based on the 70/30 weighting of transactions and quotations for Q3 during May, was 7.83 euro higher than the Q2 index based on February quotations and deals.
At Austria’s VTP, the 70/30 weighting of the transaction and quotation indices of 25.2430 €/MWh was 0.17 €/MWh below the MAGI index.
Italian month ahead power increased from May as the 70/30 weighting of the transaction and quotation indices gained by
11.52 euro to 75.2178 €/MWh.
This month’s quotation based indices and the assessment component of the MAGI index
represent the average of the bids and offers published for June in the 21 daily issues of GeEO published in May.