Energy Transition, Natural Gas, LNG, Crude Oil, Coal, Renewables

January 15, 2024

Platts launches Conventional Energy Index Jan 15

Platts, part of S&P Global Commodity Insights, has launched the Platts Conventional Energy Index, effective Jan. 15, 2024.

The daily index expressed in $/MMBtu is published on Platts Live, and represents the global primary energy mix in terms of conventional energy sources across oil, gas, coal and nuclear.

Details of the new index and symbols are as follows:

Symbol Description Currency/UoM
ANVEA00 Platts Conventional Energy Index $/MMBtu
ANVEA03 Platts Conventional Energy Index Monthly Average $/MMBtu

This is a weighted average daily index for the value of the following Platts price assessments or index. The weightings for each primary energy source reflect the proportion of global energy consumption they account for, excluding renewables.

Commodity Weighting in Index
Crude Oil 37%
Gas (including LNG) 27%
Coal 31%
Nuclear 5%

The weightings are reviewed periodically to keep the index representative of global supply and demand trends.

Platts would like to clarify the description for the above index has been renamed from Platts Conventional Core Energy Index, in accordance with feedback received following a decision published Jan. 3 via a subscriber note, available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/010324-platts-to-launch-conventional-core-energy-index-jan-15. There are otherwise no changes to the symbols or weightings of each component assessment.

Commodity Assessment Symbol Currency/UoM UoM conversion Weighting in index
Crude Oil Dated Brent PCAAS00 $/b 0.1724 18.5%
Crude Oil Dubai M1 PCAAT00 $/b 0.1724 18.5%
Gas Dutch TTF Month Ahead GTFWM10 $/MMBtu 1 9%
Gas GIA North America by Flow Date IGOAA21 $/MMBtu 1 9%
LNG LNG Japan/Korea DES (JKM) AAOVQ00 $/MMBtu 1 9%
Coal NEAT JKTCA00 $/mt 0.0360 31%
Nuclear Uranium U308 Spot Canada M1 AFUEM01 $/lb 0.0056 5%

When a component assessment or index is not published on a particular day, the price published from the previous working day is used in the calculation of the index value.

Please send any feedback or questions to pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.