New assessments for US gas balance-of-the-month

Platts is proposing to add balance-of-the-month assessments to the Platts-ICE Forward Curve Natural Gas North America effective September 29.

Balance-of-the-month assessments would be added for all 28 locations for which Platts currently provides daily forward assessments.

For a list of those locations, see the forward curve methodology at http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpe cs/platts_ice_forwardcurve_naturalgas.pdf or http://bit.ly/fwdcurve.

The balance-of-the-month product covers the period beginning with the business day after the current day-ahead package and runs through the end of the month.

Platts would use the same market-on-close methodology used for its current daily forward gas assessments, with assessments of the balance-of-the-month reflecting the transactable value at 2:30 p.m. Eastern time.

Unlike daily forward assessments, balance-of-the-month prices are commonly expressed as fixed prices rather than basis values, and Platts assessments would be expressed in fixed-price values.

The new balance-of-the-month assessments would be available along with the existing daily forward assessments in the forward curve add-on to Platts Natural Gas Alert and through Platts Market Data in category GN.

Please provide feedback or submit questions by August 26 to Mike Wilczek at mike_wilczek@platts.com with a cc to pricegroup@platts.com.