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

OE ENERGY

MARKET SNAPSHOT

West 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

West Annual Average Day Ahead Natural Gas Prices

West Natural Gas Market: Annual Hub Prices

Source: ICE 

Notes:

Updated 2/18/2014

Average Day 

Ahead Prices 

($/MMBtu)

SoCal 

Border

Opal 

Wyoming 

Plant

Huntingdo

n/Sumas 

USD

El Paso 

Permian

GTN Malin 

Oregon

Henry 

Hub

Annual 4.05 3.81 3.89 3.87 3.94 3.98

Summer 4.18 3.89 3.89 3.99 4.03 4.14

Winter 2011/2012 2.98 2.74 3.01 2.69 2.86 2.74

Annual 2.68 2.67 2.67 2.67 2.67 2.67

Summer 2.83 2.58 2.51 2.61 2.61 2.69

Winter 2012/2013 3.62 3.45 3.56 3.38 3.52 3.47

Annual 3.83 3.83 3.83 3.83 3.83 3.83

Summer 3.82 3.60 3.49 3.63 3.67 3.75

Winter 2013/2014 4.37 4.12 4.30 4.17 4.29 4.14

Annual 4.71 4.58 4.85 4.55 4.65 4.69

Summer 

Winter 2014/2015

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

West Daily Day-Ahead Prices

West Natural Gas Market: Day-Ahead Prices

Source: ICE 

Notes:

Updated

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

Spot Day-Ahead Prices ($/MMBtu)

SoCal Border Opal Wyoming Plant

Huntingdon/Sumas USD El Paso Permian

GTN Malin Oregon

$0

$1

$2

$3

$4

$5

$6

$7

$8

2011 2012 2013 20

30 Day Moving Avg

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

West Daily Day-Ahead Basis

West Natural Gas Market: Day-Ahead Basis

Source: ICE 

Notes:

Updated

-$5.0

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

Day Ahead Basis ($/MMBtu)

SoCal Border Basis

Opal Wyoming Plant Basis

Huntingdon/Sumas USD Basis

El Paso Permian Basis

GTN Malin Oregon Basis

-$2.0

$0.0

$2.0

$4.0

2011 2012 2013 20

30D Moving Avg

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

West Average Monthly Basis

West Natural Gas Market: Average Monthly Basis

Source: ICE

Notes:

Updated 2/18/2014

-$1.50

-$1.00

-$0.50

$0.00

$0.50

$1.00

$1.50

$2.00

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

Avg Monthly Day-Ahead Basi ($/MMBtu)

Avg Monthly SoCal Basis

Avg Monthly Opal Basis

Avg Monthly Huntingdon/Sumas Basis

Avg Monthly El Paso Permian Basis

Avg Monthly GTN Malin Basis
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversight

Daily West Natural Gas Demand All Sectors

West 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

2

4

6

8

10

12

14

16

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

West Natural Gas Consumption for Power Generation

West Natural Gas Market: NG Consumption for Power Generation

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

0

50,000

100,000

150,000

200,000

250,000

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

CAISO Real Time Prices—Two Year History 

West Electricity Market: CAISO Real Time Prices

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

CAISO System Daily Average Load —Two Year History 

West Electricity Market: CAISO Average Daily Load

Updated February 18, 2014