Golden, CO-based Bentek Energy LLC said Wednesday it is now offering IntercontinentalExchange (ICE) daily natural gas and power index prices in its Hub Flow maps and other energy market publications, further explaining the price to energy flow relationship.
Bentek said its Hub Flow maps depict "key natural gas flows and capacity utilization changes between each of the major trading hubs in North America." The maps indicate flows on the most significant pipeline corridors, capacity utilization on those corridors and storage utilization at most of the U.S. natural gas storage facilities. Furthermore, the company said the maps also give users the ability to "drill down" to visualize the flow and capacity details at individual hubs, including all pipelines moving gas into and out of a wide range of gas hubs including Chicago, Henry, New York, PG&E, Pacific Northwest, Southwest, ANR Southeast, Texas, Southern California border, Florida, Dominion, Cheyenne Hub and Opal.
"ICE index prices are now incorporated in these Bentek maps, and indicate the changes in price differentials between hubs," the energy market information analysis company said. "As a result, Hub Flow map customers will receive price updates as soon as they are published by ICE."
Bentek explained that within the individual hub drill-down maps, ICE index prices are used to compute the "spread" between the hub price and pipes connected to the hub. The spread is the price difference between a receipt and delivery point, adjusted for the variable transportation cost between those points. The company noted that Hub Flow maps show the changes in prices and spreads using intuitive, easy to understand graphics.
"Through our data distribution agreement with ICE we have successfully combined Bentek's analysis of energy flow fundamentals with a timely assessment of market price developments," said Rusty Braziel, Bentek managing director. "Instead of waiting until the next day to see the impact of gas supply, demand and flows on pricing, that information will now be available to our clients in a much more timely fashion."
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