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OE ENERGY

MARKET SNAPSHOT

Northeast Version – January 2014 Data

Office of Enforcement

Federal Energy Regulatory Commission

February 2014
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Natural Gas and Fuels M
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Northeast Annual Average Day-Ahead Prices

Northeast Natural Gas Market: Annual Hub Prices

Source: Derived from ICE data 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 2.74

Annual 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 3.47

Annual 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 4.69

SummerWinter 2014/2015

2011 2012 2013 2014 YTD

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

Northeast Day-Ahead Prices

Northeast Natural Gas Market: Day-Ahead Prices

Source: Derived from ICE data Notes:

$0

$20$40$60$80

$100$120$140

Spot Day-Ahead Prices ($/MMBtu)

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

Northeast Monthly Average Basis Value To Henry H

Northeast Natural Gas Market: Average Basis to Henry Hub

Source: Derived from ICE data Notes:

-$5.00

$0.00$5.00

$10.00$15.00$20.00$25.00$30.00

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

2012 2013 

Average Day-Ahead Basis($/MMBtu)

Avg Mthly Transco Zone 6 NY BasisAvg Mthly Transco Z6 Non-NY BasisAvg Mthly Columbia TCO Pool BasisAvg Mthly Algonquin Citygate Basis
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Northeast Day-Ahead Basis

Northeast Natural Gas Market: Yearly Hub Prices

Source: Derived from ICE data Notes:

-$20

$0

$20$40$60$80

$100$120$140

Day Ahead Basis ($/MMBtu)

Transco Zone 6 NY Basis Transco Z6 Non-NY Columbia TCO Pool Basis Algonquin City Gat

$0$5

$10$15

2011 2012 2013 20

30D Moving Avg
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Daily Northeast Natural Gas Demand All Sector

Northeast Natural Gas Market: Daily Demand

Source: Derived from Bentek Energy dataNote: Data derived from interstate natural gas pipeline flows. 

05

1015202530

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 

Volume (Bcfd)

2009-2013 Range 201
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Northeast Natural Gas Consumption for Power Gene

Northeast Natural Gas Market Overview: NG Consumption for Power Generation

Source: Derived from Bentek Energy data 

0

50,000

100,000150,000200,000250,000300,000

MMcf/month 

200201
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Electricity Markets
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Extreme Weather Causes Record Gas and Power Price

Northeast Electricity Market Overview: Record Gas and Power Prices

$0$20$40$60$80$100$120$140

$0

$100$200$300$400$500$600$700$800

Power Average Real Time Peak Price ($/MWh) PJM Western Hub Transco Z6 non-NY

Source: Derived from Bloomberg Data
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Fuel Oil and Natural Gas Prices Invert

Northeast Electricity Market: Fuel Oil Viability

0

20406080

100120140

12/2/13

12/9/13

12/16/13

12/23/13

12/30/13

1/6/14

1/13/14

1/20/14

$/MMBtu

NewYorkHarbor No. 2 Fuel Oil

Transco Z6 NYNatural Gas

Source: Derived from Bloomberg data
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

PJM Transmission Congestion Rises Sharply

Northeast Electricity Market: Day Ahead Congestion 

-$300-$200-$100

$0

$100$200$300$400

Day-Ahead Congestion ($/MWh)

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/oversig

PJM Real Time Prices—Two Year History 

Northeast Electricity Market: PJM Real Time Prices
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

PJM System Daily Average Load —Two Year Histo

Northeast Electricity Market: PJM Average Daily Load
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

NYISO Real Time Prices—Two Year History 

Northeast Electricity Market: NYISO Real Time Prices
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

NYISO System Daily Average Load —Two Year Hist

Northeast Electricity Market: NYISO Average Daily Load
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

ISO-NE Real Time Prices—Two Year History 

Northeast Electricity Market: ISO-NE Real Time Prices
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

ISO-NE System Daily Average Load —Two Year His

Northeast Electricity Market: ISO-NE Average Daily Load
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

PJM Western Hub Forward Prices Move Up

Northeast Electricity Market: PJM Forward Prices