Time to Put Henry Hub Benchmark to Bed?
December 04, 2018
Is the Henry Hub NYMEX natural gas benchmark no longer a viable index? At least one independent provider of information benchmarks believes that new supply and demand flows, increased spot market volatility and regional price differentials dictate a new set of physical natural gas price indices that are more reflective of regional markets. S&P Global Platts, the publisher of Megawatt Daily, has launched a new series of five gas indices that includes one for North America in addition to four regional price assessments.
This map shows spot market prices for natural gas and electricity from earlier this week, highlighting regional differences.