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

OE ENERGY

MARKET SNAPSHOT

Midwest Version – January 2014 Data

Office of Enforcement

Federal 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

Midwest Annual Average Day-Ahead Natural Gas Prices

Midwest Natural Gas Market: Annual Hub Prices

Source: Derived from ICE data 2026

Notes:

Updated 2/18/2014

Average Day 

Ahead Prices 

($/MMBtu)

Chicago 

City Gate MichCon

AECO C 

Hub 

Natural 

Gas/USD

Dawn 

Ontario 

USD

NNG/NBP 

Ventura

Henry 

Hub

Annual 4.12 4.20 3.66 4.37 4.04 3.98

Summer 4.24 4.33 3.78 4.44 4.15 4.14

Winter 2011/2012 2.87 2.94 2.49 3.21 2.78 2.74

Annual 2.85 2.90 2.39 3.07 2.77 2.75

Summer 2.76 2.80 2.24 2.93 2.68 2.69

Winter 2012/2013 3.63 3.67 3.22 3.84 3.60 3.47

Annual 3.86 3.92 3.09 4.08 3.81 3.70

Summer 3.85 3.97 2.94 4.15 3.78 3.75

Winter 2013/2014 5.53 4.99 3.65 5.20 5.42 4.14

Annual 7.99 6.57 3.97 6.96 7.65 4.69

Summer 

Winter 2014/2015

2011 2012 2013 2014 YTD
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Midwest Day-Ahead Prices

Midwest Natural Gas Market: Day-Ahead Prices

Source: Derived from ICE data 2030

Notes:

Updated 2/18/2014 $0

$5

$10

$15

$20

$25

$30

$35

$40

$45

$50 Day-Ahead Prices ($/MMBtu)

Chicago City Gate MichCon

AECO (USD/MMBtu) Dawn Ontario USD

Northern Natural Ventura

$0

$5

$10

$15

2011 2012 2013 2014

30 Day Moving Avg
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Midwest Monthly Average Basis Value To Henry Hub

Midwest Natural Gas Market: Average Basis to Henry Hub

Source: Derived from ICE data 2031

Notes:

Updated -$2.50

$2.50

$7.50

$12.50

$17.50

$22.50

$27.50

$32.50

$37.50

Day Ahead Basis ($/MMBtu)

Chicago City Gate Basis

MichCon Basis

AECO (USD/MMBtu) Basis

Dawn Ontario USD Basis

-$5

$0

$5

$10 30D Moving Avg 2/18/2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Midwest Day-Ahead Basis

Midwest Natural Gas Market: Average Monthly Basis

Source: Derived from ICE data 2032

Notes:

-$2.00

-$1.00

$0.00

$1.00

$2.00

$3.00

$4.00 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

2012 2013 2014 Day-Ahead Basis Averaged Monthly ($/MMBtu)

Avg Monthly Chicago City Gate Basis

Avg Monthly MichCon Basis

Avg Monthly AECO Basis

Avg Monthly Dawn Ontario Basis

Avg Monthly Northern Natural Ventura Basis

Updated 2/18/2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Daily Midwest Natural Gas Demand All Sectors

Midwest Natural Gas Market: Daily Demand

Source: Derived from Bentek Energy data

Note: Data derived from interstate natural gas pipeline flows. Updated: February 2014 22050

0

5

10

15

20

25

30

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

Volume (Bcfd)

2009-2013 Range 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Midwest Natural Gas Consumption for Power Generation

Midwest Natural Gas Market: NG Consumption for Power Generation

Source: Derived from Bentek Energy data Updated: February 2014 20024

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000 MMcf/month

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

MISO Real Time Prices—Two Year History 

Midwest Electricity Market: MISO Real Time Prices

Updated February 18, 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

MISO System Daily Average Load —Two Year History 

Midwest Electricity Markets Overview: MISO Average Daily Load

Updated February 18, 2014