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Energy Market Update: August 8, 2016

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What is the current outlook for natural gas prices? 

In the latest Energy Market Update, Tim Bigler — Direct Energy Business Energy Advisor — overviews 2017 regional natural gas fixed and basis prices.

Watch the video below to learn more. 

2017 Regional Natural Gas Prices

Three constrained regions — NE Algonquin, NY Iroquis and Transco Z6 NY — remain higher than the rest of the country. Conversely, prices at PA/OH Dominion South Point are well below average as there is a surplus of gas within the region. 

Natural Gas Basis for April-October 2017 

For the April-October 2017 time period, the Texas Eastern Transmission (TETCO) natural gas basis has dropped significantly over the past two weeks. Peak-shaving renewables, demand response programs and increased energy efficiency are all contributing factors. If the power sector buys more natural gas for generation, prices may stabilize or rise in various markets.

For additional energy market news and information, please visit our Market Insights page and sign up for our Daily Market Updates.

Tim Bigler, Senior Market Strategist at Direct Energy Business, is a 30+ year veteran of the U.S. natural gas, electric, and oil market.

Posted: August 08, 2016