2004/05 Winter Energy Market Assessment
Download
1 / 13

November 18, 2004 - PowerPoint PPT Presentation


  • 190 Views
  • Updated On :

2004/05 Winter Energy Market Assessment. November 18, 2004. Federal Energy Regulatory Commission • Office of Market Oversight and Investigations

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'November 18, 2004' - minnie


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Slide1 l.jpg

2004/05 Winter Energy Market Assessment

November 18, 2004

Federal Energy Regulatory Commission • Office of Market Oversight and Investigations

Disclaimer: This Report contains analyses, presentations and conclusions that may be based on or derived from the data sources cited, but do not necessarily reflect the positions or recommendations of the data providers.


Omoi s winter assessment l.jpg
OMOI’s Winter Assessment:

Market’s behavior is consistent with commodity markets under tight conditions

  • Supply Adequacy

  • Status of Trading

  • Infrastructure

  • Electric Markets


Uncertainty and supply tightness appear to be driving markets l.jpg
Uncertainty and Supply Tightness Appear to be Driving Markets

Henry Hub Nov04-Mar05 Winter Strip

Henry Hub Prompt Month Futures Price

Henry Hub Spot Prices on ICE





Alternative fuel prices have moved farther and faster than natural gas l.jpg
Alternative Fuel Prices Have Moved winter?Farther and Faster than Natural Gas

Natural Gas

New York

No. 2

Fuel Oil

No. 6

Fuel Oil

Crude Oil


Speculative trading appears less significant than supply and demand conditions l.jpg
Speculative Trading Appears Less Significant winter?Than Supply and Demand Conditions

Short Commercial Position

Long Commercial Position

Short Non-Commercial Position

Long Non-Commercial Position


Regional markets especially the ne could see price increases with severe weather l.jpg
Regional Markets, winter?Especially the NE, Could See Price Increases With Severe Weather

Pipeline Capacity Use during Peak Conditions on January 14, 2004 Reflected a Variety of System Factors


Slide11 l.jpg

Maritimes 75% winter?

Portland 89%

Iroquois 73%

ISO NE

NY ISO

Tennessee 95%

Algonquin 99%

Texas Eastern 92%

Transco 94%


Electricity prices are rising in response to fuel cost increases l.jpg
Electricity Prices Are Rising winter?in Response to Fuel Cost Increases


Ferc s omoi will continue to monitor market drivers closely this winter l.jpg

Work with public utility commissions to help them protect customers as prices flow from the wholesale to retail markets

Monitor gas market activity including pipeline capacity utilization and regional prices

FERC’s OMOI Will Continue to Monitor Market Drivers Closely This Winter

  • Assess status, quality of and market reaction to natural gas storage data

  • Monitor winter electric market behavior

  • Pay particular attention to unexplained price movements and market activity around extreme weather


ad