Post on 09-Aug-2020
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
OE ENERGYMARKET SNAPSHOTNortheast Version – January 2014 Data
Office of EnforcementFederal Energy Regulatory Commission
February 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Natural Gas and Fuels Markets
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Northeast Annual Average Day-Ahead Prices
Northeast Natural Gas Market: Annual Hub Prices
Source: Derived from ICE data 2026
Notes:
Average Day Ahead Prices ($/MMBtu)
Algonquin Citygates
Transco Zone 6 NY
Transco Zone 6 Non‐NY
Columbia Applachia
Henry Hub
Annual 5.01 5.01 4.69 4.07 3.98Summer 4.56 4.55 4.41 4.21 4.14Winter 2011/2012 4.00 3.59 3.09 2.77 2.74Annual 3.97 3.27 2.98 2.78 2.75Summer 3.25 2.86 2.83 2.71 2.69Winter 2012/2013 9.53 6.63 4.10 3.51 3.47Annual 6.97 5.07 4.03 3.70 3.70Summer 4.25 3.92 3.84 3.73 3.75Winter 2013/2014 15.13 12.73 11.11 4.15 4.14
Annual 24.66 27.21 23.27 4.72 4.69Summer
Winter 2014/2015
2011
2012
2013
2014
YTD
Updated 2/18/2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Northeast Day-Ahead Prices
Northeast Natural Gas Market: Day-Ahead Prices
Source: Derived from ICE data 2030
Notes:
$0
$20
$40
$60
$80
$100
$120
$140
Spot
Day
-Ahe
ad P
rices
($/M
MBt
u)
Transco Zone 6 NYTransco Z6 Non-NYColumbia TCO PoolAlgonquin City Gates
$0$10$20$30$40$50
2011 2012 2013 20
30 Day Moving Avg
2/18/2014Updated
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Northeast Monthly Average Basis Value To Henry Hub
Northeast Natural Gas Market: Average Basis to Henry Hub
Source: Derived from ICE data 2031
Notes:
Updated 2/18/2014
-$5.00
$0.00
$5.00
$10.00
$15.00
$20.00
$25.00
$30.00
Feb
Mar Ap
rM
ay Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Ap
rM
ay Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2012 2013 2014
Aver
age
Day-
Ahea
d Ba
sis(
$/M
MBt
u)
Avg Mthly Transco Zone 6 NY BasisAvg Mthly Transco Z6 Non-NY BasisAvg Mthly Columbia TCO Pool BasisAvg Mthly Algonquin Citygate Basis
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Northeast Day-Ahead Basis
Northeast Natural Gas Market: Yearly Hub Prices
Source: Derived from ICE data 2032
Notes:
Updated 2/18/2014
-$20
$0
$20
$40
$60
$80
$100
$120
$140
Day A
head
Bas
is ($
/MM
Btu)
Transco Zone 6 NY Basis Transco Z6 Non-NY BasisColumbia TCO Pool Basis Algonquin City Gates Basis
$0
$5
$10
$15
2011 2012 2013 20
30D Moving Avg
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Daily Northeast Natural Gas Demand All Sectors
Northeast Natural Gas Market: Daily Demand
Source: Derived from Bentek Energy data
Note: Data derived from interstate natural gas pipeline flows.22050Updated: February 2014
0
5
10
15
20
25
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Volu
me
(Bcf
d)
2009-2013 Range 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Northeast Natural Gas Consumption for Power Generation
Northeast Natural Gas Market Overview: NG Consumption for Power Generation
Source: Derived from Bentek Energy data20024Updated: February 2014
0
50,000
100,000
150,000
200,000
250,000
300,000
MM
cf/m
onth
2009-13 Range
2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Electricity Markets
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Extreme Weather Causes Record Gas and Power Prices in Jan.
Northeast Electricity Market Overview: Record Gas and Power Prices
Updated February 18, 2014
$0
$20
$40
$60
$80
$100
$120
$140
$0
$100
$200
$300
$400
$500
$600
$700
$800 Gas D
ay Ahead Index IC
E ($/MM
Btu)
Pow
er A
vera
ge R
eal T
ime
Peak
Pric
e ($
/MW
h)
PJM Western Hub
Transco Z6 non-NY
Source: Derived from Bloomberg Data
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
Fuel Oil and Natural Gas Prices Invert
Northeast Electricity Market: Fuel Oil Viability
Updated February 18, 2014
0
20
40
60
80
100
120
140
12/2
/13
12/9
/13
12/1
6/13
12/2
3/13
12/3
0/13
1/6/
14
1/13
/14
1/20
/14
1/27
/14
$/M
MB
tu
New York Harbor No. 2 Fuel Oil
Transco Z6 NY Natural Gas
Source: Derived from Bloomberg data
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
PJM Transmission Congestion Rises Sharply
Northeast Electricity Market: Day Ahead Congestion
Updated February 18, 2014
-$300
-$200
-$100
$0
$100
$200
$300
$400D
ay-A
head
Con
gest
ion
($/M
Wh)
MID-ATL/APS AECO BGEDPL JCPL METEDPECO PEPCO PPLPENELEC PSEG RECOAPS AEP COMEDDAY DOM DUQATSI DEOK EKPC
Source: Derived from PJM Data
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
PJM Real Time Prices—Two Year History
Northeast Electricity Market: PJM Real Time Prices
Updated February 18, 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
PJM System Daily Average Load —Two Year History
Northeast Electricity Market: PJM Average Daily Load
Updated February 18, 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
NYISO Real Time Prices—Two Year History
Northeast Electricity Market: NYISO Real Time Prices
Updated February 18, 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
NYISO System Daily Average Load —Two Year History
Northeast Electricity Market: NYISO Average Daily Load
Updated February 18, 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
ISO-NE Real Time Prices—Two Year History
Northeast Electricity Market: ISO-NE Real Time Prices
Updated February 18, 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
ISO-NE System Daily Average Load —Two Year History
Northeast Electricity Market: ISO-NE Average Daily Load
Updated February 18, 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight
PJM Western Hub Forward Prices Move Up
Northeast Electricity Market: PJM Forward Prices
Updated February 18, 2014