Reply To: Gas Calorific Values

Israr Ahmed

The CV for the forward undelivered GAS can be seen as an estimate ( with potentially a term structure ). So at some clients – trading for example 1000 M3 in some East Europe countries – the 1000 M3 Forward Curve can be derived from a MWh curve by Price_Mwh x CV ( where the CV is kWh/m3 and is entered on its own Spot / Forward Curve ) . This also allows exposures to be backed out onto the MWh curve.

When it comes to ACTUALS, where the CV is no loner an estimate – this is then superseded by the values in the Energy Conversion setup.

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