Transparent trading with first class service
The PEGAS CEGH Gas Exchange products are listed on the PEGAS platform in cooperation with Powernext, clearing is done via European Commodity Clearing AG (ECC). A fully integrated trading system in combination with comprehensive trading, clearing and settlement services offers unique possibilities for international gas traders.
The Gas Exchange services are based on the solid partnership of CEGH, Powernext and European Commodity Clearing (ECC), each fulfilling different tasks reflecting their strengths.
- CEGH, operating the Austrian VTP (Vitual Trading Pont), ensures local services for the Austrian and the Eastern European markets.
- Powernext, the operator of the pan European gas trading platform PEGAS, is responsible for the operation of the PEGAS platform under the Powernext rulebook.
- European Commodity Clearing (ECC), as the commodity exchange clearing house, offers clearing and settlement services for exchange transactions as well as OTC trade registrations.
All PEGAS CEGH products are operated with Trayport GlobalVision ETS. With this trading system CEGH offers international gas traders customized state-of-the-art services.
CEGH Gas Exchange products
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| Within-Day Market | Spot Market | Futures Market | |
| Contracts | Within Day | Hourly products; Day-Ahead; Weekend; Saturday; Sunday; Bank holiday; Individual day | Next 3 months; Next 4 quarters; Next 3 seasons; Next 2 calendar years |
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Gas product type |
Base load |
Base load |
Base load |
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Delivery point |
CEGH VTP Austria |
CEGH VTP Austria |
CEGH VTP Austria |
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Settlement |
Rest of day with a lead time of 3 hours based on the next full hour to 6:00 a.m. (d or d+1) |
Physical delivery from 6:00 a.m. (d+1) to 6:00 a.m. (d+2) |
Physical delivery from 6:00 a.m. (d+1) to 6:00 a.m. (d+2) |
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Trading hours |
24/7 |
24/7 |
From 08:00 a.m. to |
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Price units |
€ per MWh |
€ per MWh |
€ per MWh |
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Minimum price change |
€0,025 per MWh |
€0,025 per MWh |
€0,025 per MWh |
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Minimum trade size |
1 MW |
1 MW |
5 MW |
| Matching Procedure | Auto matching | Click and trade | Click and trade |
| Trading Sessions | Continuous and Auction (Last 15 min. of every hour) |
Continuous trading | Continuous trading |
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Single sided nomination |
By ECC, counter party nomination done by CEGH on behalf of exchange member |
By ECC, counter party nomination done by CEGH on behalf of exchange member |
By ECC, counter party nomination done by CEGH on behalf of exchange member |