Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

OE ENERGY

MARKET SNAPSHOT

Central Version – Data Through October 2

Office of Enforcement

Federal Energy Regulatory Commission

November 2016
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Natural Gas and Fuels MCentral
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Midwest Day-Ahead Natural Gas Prices

Averaged Annually/Seasonally

Midwest Natural Gas Market: Annual Hub Prices

Source: Derived from ICE data Notes:

U

Average Day

Ahead Prices

($/MMBtu)

Chicago

City Gate MichCon

AECO C

Hub

Natural

Gas/USD

Dawn

Ontario

USD

NNG/N

Ventu

Annual 3.85 3.91 3.09 4.08 Summer 3.84 3.96 2.94 4.15 Winter 2013/2014 7.42 7.81 4.36 8.68 Annual 5.52 5.75 4.03 6.13 Summer 4.24 4.33 3.90 4.36 Winter 2014/2015 3.54 3.55 2.58 3.80 Annual 2.73 2.81 2.11 2.93 Summer 2.69 2.84 2.16 2.88 Winter 2015/2016 2.04 2.05 1.52 2.09 Annual 2.36 2.37 1.50 2.41 Summer 2.50 2.51 1.57 2.55 Winter 2016/2017 2.24 2.22 2.03 2.23 

2013 2014 2015 2016 YTD

3
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Midwest Day-Ahead Prices

Midwest Natural Gas Market: Day-Ahead Prices

Source: Derived from ICE data Notes:

Upda

$0$2$4$6$8

$10$12$14

Day-Ahead Prices ($/MMBtu)

Chicago City Gate MichConAECO (USD/MMBtu) Dawn Ontario USDNorthern Natural Ventura

$0

$10$20$30

2013 2014 2015 

30 Day Moving Av

4
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Midwest Natural Gas Market: Average Basis to Henry Hub

Source: Derived from ICE data Notes:

U

Midwest Day-Ahead Basis

-$3-$1

$2$4$6$8

$10

Day Ahead Basis ($/MMBtu)

Chicago City Gate Basis MichCon BasisAECO (USD/MMBtu) Basis Dawn Ontario USD Northern Natural Ventura Basis

‐$5

$0$5

$10$15$20 30D Moving 

5
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Midwest Natural Gas Market: Average Monthly Basis

Source: Derived from ICE data Notes:

U

Midwest Monthly Average Basis Value To Henry 

-$2-$1-$1

$0$1$1$2$2

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

2014 2015 201

Day-Ahead Basis Averaged Monthly 

($/MMBtu)

Chicago City Gate Basis MichCon BasisAECO Basis Dawn Ontario BaNorthern Natural Ventura Basis

6
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Daily Midwest Natural Gas Demand All Sectors

Midwest Natural Gas Market: Daily Demand

Source: Derived from Bentek Energy dataNote: Midwest is defined as Michigan, Indiana, Illinois, Wisconsin, Iowa, Minnesota, Nebraska, South Dakota, and North Dakota 

05

10152025303540

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov De

Bcfd

2011-2015 Range 2016

7
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Midwest Natural Gas Consumption for Power Gener

Midwest Natural Gas Market: NG Consumption for Power Generation

Source: Derived from Bentek Energy dataNote: Midwest is defined as Michigan, Indiana, Illinois, Wisconsin, Iowa, Minnesota, Nebraska, South Dakota, and North Dakota 

0

1,0002,0003,0004,0005,0006,000

MMcfd

 2011 - 2015 Range2016

8
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Daily Texas Natural Gas Demand All Sectors

Texas Natural Gas Market: Daily Demand

Source: Derived from Bentek Energy data 

02468

101214161820

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov De

Bcfd

2011-2015 Range 2016

9
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Texas Natural Gas Consumption for Power Genera

Texas Natural Gas Market: NG Consumption for Power Generation

Source: Derived from Bentek Energy data 

0

1,0002,0003,0004,0005,0006,0007,000

MMcfd

 2011 - 2015 Range2016

10