EIA Data Update Demonstrates Natural Gas and Power Price Volatility in New England This Winter; Agency Issues Cold Weather Alert Update to Supplement

摘要

The Energy Information Administration last week issued an unusual Short‐Term Energy Outlook Supplement that sought to identify constraints in New England likely to affect regional energy prices this winter. Since November, New England has had the highest average spot natural gas prices in the nation. Average prices at the Algonquin Citygate trading point, a widely used index, have been $3/MMBtu higher than prices at the Henry Hub, and more than $2/MMBtu higher than average spot price at Transco Zone 6 NY, which serves New York City and has historically traded at prices similar to those in New England. Full pipelines from the west and south limit further deliveries from most of North America, while high international prices and declining production in eastern Canada pose challenges in making up the difference from the north and east, except at higher prices, EIA explained.