Commodity Market Report

NYMEX sensitivity case developed from the Mexico gas, power and renewables Investment Horizon Outlook 2023

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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

This “NYMEX” case represents the use of the New York Mercantile Exchange futures gas prices and its impact on our long-term outlook on Mexico’s power sector. Wood Mackenzie’s gas price forecast – a key component of our Base Case, the Mexico gas, power and renewables investment horizon outlook 2023 – projects a rebound in Henry Hub prices with the next wave of LNG exports with a price averaging US$3.1/MMBtu over the 2024-2027 period. The growth rate moderates in the following years, with prices averaging US$3.8/MMBtu during 2028-2035. In contrast, NYMEX futures suggest a higher pricing path for the 2024-2027 period, positioning Henry Hub prices near US$3.7/MMBtu, followed by a marginally lower average of US$3.6/MMBtu for 2028-2035.

Table of contents

  • This NYMEX case represents the use of the New York Mercantile Exchange futures gas prices and the impact on Mexico’s power sector’s long-term outlook.

Tables and charts

This report includes 4 images and tables including:

  • NYMEX vs. Wood Mackenzie’s Henry Hub gas price forecast
  • Annual average LMPs in key regions (NYMEX case vs. Base Case)
  • Annual and Monthly Energy Prices’ Absolute Delta in key regions (NYMEX case vs. Base Case)
  • Annual and Monthly Energy Prices’ Percentage Delta in key regions (NYMEX case vs. Base Case)

What's included

This report contains:

  • Document

    Power Avg Day Month NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 4.22 MB

  • Document

    Power Capacity Prices NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 71.04 KB

  • Document

    Power Clean Energy Compliance NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 61.72 KB

  • Document

    Power Delivered Fuel Prices Nominal NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 3.47 MB

  • Document

    Power Delivered Fuel Prices Real NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 234.32 KB

  • Document

    Power Load Forecast NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 98.48 KB

  • Document

    Power Prices Sparks IHR Real NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 3.14 MB

  • Document

    Power Prices Sparks Nominal NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 4.99 MB

  • Document

    Power Supply Demand NYMEX Data To 2050 Nov 2023.xlsx

    XLSX 603.34 KB

  • Document

    NYMEX sensitivity case developed from the Mexico gas, power and renewables Investment Horizon Outlook 2023

    PDF 1.26 MB