Insight

New England markets: the peak day problem

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Report summary

The New England gas market features the largest seasonal price swing in North America. Gas pipeline capacity into the area is limited and while it is sufficient to meet the area's demand during the bulk of the year, it often falls short in the winter.  Until recently, pipeline expansion seemed the most likely solution to the New England peak day problem, however pipeline expansion has met with heavy opposition in the area and finding a regulatory solution to pay for pipeline has proved challenging. Recent rulings in Massachusetts and New Hampshire blocking electric utilities from socializing pipeline expansion costs to rate payers makes the path forward for Spectra's Access Northeast even more difficult. In this insight we will explore the New England winter market's need for a peak day solution given power retirements compounding the already constrained market, and examine what the winter markets will look like without additional pipeline expansion. 

What's included

This report contains

  • Document

    New England Market Data.xls

    XLS 187.50 KB

  • Document

    New England markets: the peak day problem

    PDF 1.85 MB

  • Document

    New England markets: the peak day problem

    ZIP 2.01 MB

  • Document

    NAGS New England Webfile.xls

    XLS 188.00 KB

Table of contents

    • With the new Massachusetts Supreme Court ruling, only a small amount of new pipeline build remains
    • Power retirements further stress the gas markets
    • Canadian imports can rise--but not offset--the peak demand
    • LNG and oil to fill the gap left by pipeline build
    • Weak global prices keep Algonquin prices in check
    • Algonquin (AGT) Price Scenarios
  • Conclusion

Tables and charts

This report includes 6 images and tables including:

Tables

  • Approximate Demand served by pipe in New England
  • LNG Regas capabilities in New England and Eastern Canada

Images

  • New England gas infrastructure
  • New England winter demand potential and pipe constraint
  • Daily LNG sendout required to balance New England markets, by temperature range
  • New England markets: the peak day problem: Image 4

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