The current gas price is always transparent and understandable for you. The gas price is adjusted monthly in advance using the following formula:
PM = EGIXM-1+ fixed price share
PM
gas price1 (net) in current supply month in cents/kWh.
EGIXM-1
The value of the European Gas Index (EGIX) CEGH VTP Month on the penultimate trading day of the previous month converted to cents/kWh. This value is calculated and published by the European Energy Exchange AG (EEX) (www.eex.com). The conversion from EUR/MWh to cents/kWh is as follows: 1 EUR/1 MWh corresponds to 100 cents/1000 kWh (a value in cents/kWh thus corresponds to one tenth of the value in EUR/MWh). The calculation of the EGIX CEGH VTP Month reflects the averaged wholesale price of natural gas in the Austrian market area CEGH VTP and is based on the volume-weighted average daily prices of the front month product. The calculation is made exclusively on valid trading days of the trading month preceding the supply month.
Fixed price share
This is 2.10 cents/kWh and is not subject to automatic adjustment.
Should the index values of the EGIX CEGH VTP Month no longer be published by EEX or cease to exist for any other reason, a new index that is suitable in terms of energy and economically equivalent will be agreed between VERBUND and the customer for the calculation formula.