In this post, we tell you how to get Dutch TTF natural gas rates (TGJ23) via an API in 2023. If you are wondering what it is, keep reading to find out.
Natural gas is one of the most important sources of energy in the world. After all, it is used to heat homes and buildings, generate electricity, and power industrial processes. As a result, the price of natural gas is an important factor in many industries, particularly in the energy sector.
One of the most relevant natural gas pricing benchmarks is the Dutch Title Transfer Facility (TTF) natural gas rate. The TTF is a virtual trading point for natural gas in the Netherlands, and is used as a reference point for pricing natural gas in Europe. In fact, it is the largest natural gas trading hub in Europe, and is considered a key indicator of natural gas prices across the continent.
For businesses and individuals who rely on natural gas, knowing the TTF natural gas tariffs is crucial to managing costs and remaining competitive. This is when a Dutch TTF natural gas API can be incredibly helpful. But it is not only useful for them but also for developers who want to improve their own commodity exchange projects. Let’s see why.
How Can An API Help You Obtain Dutch TTF Natural Gas Prices?
API stands for Application Programming Interface, and it’s a software that allows two applications to communicate with one another. These applications can be anything from websites to apps. By using APIs, developers can save time and effort by not having to build features from scratch; instead, they can just use an existing one. But you don’t have to be an expert in coding to use an API. This is because they are very easy to use.
So if you are currently looking for a Dutch TTF natural gas API, we have the perfect recommendation for you! Commodities-API is a reliable JSON API that displays the prices of numerous commodities, such as wheat, rice, coffee, sugar, and Dutch TTF natural gas. It instantly makes commodities rates data available to you after collecting it from more than 15 trustworthy data sources. This includes banks, brokers, and financial institutions.
Furthermore, all commodity data is given in real-time, with a frequency of up to 60 seconds and accuracy to two decimal points! And not to mention that Commodities API provides data in more than 170 different currencies!
How To Use Commodities API To Get TGJ23 Rates
- Create an account on Commodities API website. After this, you’ll receive an API key.
- Authenticate your API key.
- Select the base currency, symbol (in this case, TGJ23), and endpoint.
- Finally, click “run” to launch the API call, it will get back to you with all the details!
In this case, you’ll get an API response like this example. Here we used “Latest rates endpoint,” which offers details on the most up-to-date commodity rates for a specific currency. After this, we entered the base currency USD and the symbol TGJ23, which refers to Dutch TTF Natural Gas Apr 2023. Then, we received the following information:
{"data":{"success":true,"timestamp":1682715420,"date":"2023-04-28","base":"USD","rates":[],"unit":{"TGJ23":"per mwh"}}}And that’s basically it! Now you know, if you want accurate commodities rates, including Dutch TTF natural gas; then using Commodities API is your best option!
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