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

OE ENERGY

MARKET SNAPSHOT

East Version – October 2016 Data

Office of Enforcement

Federal Energy Regulatory Commission

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

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

Northeast Day-Ahead Prices

Averaged Annually/ Seasonally

Northeast Natural Gas Market: Annual Hub Prices

Source: Derived from ICE data Notes:

Updated

3

Average Day

Ahead Prices

($/MMBtu)

Algonquin

Citygates

Transco

Zone 6

NY

Transco

Zone 6

Non‐NY

Columb

Applach

Annual 6.95 5.11 4.03 3

Summer 4.24 3.92 3.84 3

Winter 2013/2014 15.76 11.40 9.66 4

Annual 7.95 6.22 5.98 4

Summer 3.50 2.89 3.53 4

Winter 2014/2015 9.17 6.68 5.25 3

Annual 4.71 3.77 3.33 2

Summer 2.51 2.25 2.53 2

Winter 2015/2016 3.18 2.26 2.11 1Annual 2.85 1.95 2.03 2

Summer 2.60 1.66 1.93 2

Winter 2016/2017 1.95 1.60 1.72 2

2013 2014 2015 2016 YTD
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:

Update

$0$5

$10$15$20$25$30$35$40

Day-Ahead Prices ($/MMBtu)

Transco Zone 6 NY Transco Z6 NoColumbia TCO Pool Algonquin City 

$0

$10$20$30

2013 2014 2015 2

30 Day Moving Av

4
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:

Updated

-$5.00

$0.00$5.00

$10.00$15.00$20.00$25.00$30.00

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)

Transco Zone 6 NY Basis Transco Z6 NoColumbia TCO Pool Basis Algonquin City

5

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

Northeast Day-Ahead Basis

Northeast Natural Gas Market: Yearly Hub Prices

Source: Derived from ICE data Notes:

Updated

-$5

$0$5

$10$15$20$25$30$35$40

Day-Ahead Basis ($/MMBtu)

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

$0

$10$20$30

2013 2014 2015 

30D Moving A

6

N
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: Northeast is defined as Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, West Virginia, Ohio and Kentucky 

05

1015202530354045

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

Bcfd

2011-2015 Range 2016

7
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 dataNote: Northeast is defined as Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Virginia, West Virginia, Ohio and Kentucky 

0

1,0002,0003,0004,0005,0006,0007,0008,0009,000

10,000

MMcfd

 2011 - 2015 Range2016

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

Southeast Day-Ahead Prices

Averaged Annually/Seasonally

Southeast Natural Gas Market: Annual Hub Prices

Source: Derived from ICE data Notes:

Updat

Average Day

Ahead Prices

($/MMBtu) FGT Z3 Tetco‐M1

Transco

St 65

Transco

Zone 5 

Annual 3.77 3.66 3.71 4.0Summer 3.83 3.68 3.74 3.9

Winter 2013/2014 4.62 4.61 4.60 12.4Annual 4.34 4.28 4.30 7.5Summer 4.21 4.12 4.16 4.1

Winter 2014/2015 3.21 3.14 3.19 5.4Annual 2.62 2.53 2.58 3.5Summer 2.69 2.58 2.65 2.7

Winter 2015/2016 1.99 1.91 1.95 2.2Annual 2.38 2.30 2.33 2.0Summer 2.54 2.47 2.50 1.9

Winter 2016/2017 2.42 2.29 2.38 1.9

2013 2014 2015 2016 YTD

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

Southeast Day-Ahead Prices

Southeast Natural Gas Market: Day-Ahead Prices

Source: Derived from ICE data Notes:

$0$5

$10$15$20$25$30$35$40$45$50

Spot Day-Ahead Prices ($/MMBtu)

Tetco-M1 FGT Z3 Transco Transco Zone 5 Henry Hub

$0$5

$10$15$20

2013 2014 2015 20

30 Day Moving Avg

10
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Southeast Day-Ahead Basis

Southeast Natural Gas Market: Day Ahead Basis To Henry Hub

Source: Derived from ICE data Notes:

11

-$10

$0

$10$20$30$40$50

Day Ahead Basis ($/MMBtu)

Tetco-M1 Basis FGT Z3 BasTransco St 65 Basis Transco Zon

‐$20

$0

$20$40 30D Moving Av
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Southeast Monthly Average Basis Value To Henry 

Southeast Natural Gas Market: Average Basis to Henry Hub

Source: Derived from ICE data Notes:

Updated

 $(2.00) $(1.00)

 $-

 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00

1112 1 2 3 4 5 6 7 8 9 101112 1 2 3 4 5 6 

2014 2015 20

Day-Ahead Prices Averaged Monthly 

($/MMBtu)

FGT Z3 Basis Tetco-M1 BaTransco St 65 Basis Transco Zon

12
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Daily Southeast Natural Gas Demand All Sector

Southeast Natural Gas Market: Daily Demand

Source: Derived from Bentek Energy dataNote: Southeast is defined as North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, Arkansas, and Tennessee.

05

1015202530

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

Bcfd

2011-2015 Range 2016

13
Federal Energy Regulatory Commission • Market Oversight • www.ferc.gov/oversig

Southeast Natural Gas Consumption for Power Gene

Southeast Natural Gas Market: NG Consumption for Power Generation

Source: Derived from Bentek Energy dataNote: Southeast is defined as North Carolina, South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, Arkansas, and Tennessee.

0

2,0004,0006,0008,000

10,00012,000

MMcfd

 2011 - 2015 Ran2016

14