Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

US Northeast power sector's 2015 oil demand down 11% from 2014: ISO NE

Agriculture | Energy | Coal | Electric Power | Natural Gas | Oil | Metals | Petrochemicals | Shipping

2020 US Elections

Electric Power

Platts Market Data – Electric Power

Capital Markets | Commodities | Energy | Electric Power | Electric Power Risk | Natural Gas | Banking | Infrastructure | Structured Finance

Global Power Markets Conference, 35th Annual

Electric Power | LNG | Natural Gas

Vietnamese power project tied to Magnolia LNG offtake deal moves forward

US Northeast power sector's 2015 oil demand down 11% from 2014: ISO NE

Houston — US Northeast power generators have burned through more than 630,000 barrels of oil so far this year, or about 9,400 b/d, down about 11% from the same period in 2014, the latest ISO New England data shows.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Recent bouts of frigid temperatures increased the oil burn by generators but overall demand has been down from 2014, according to ISO New England data, published Wednesday. The ISO handles the electricity markets and grid operation for Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

Northeast power utilities consumed 80% of their 2015 oil demand in the past month. Even so, it was not enough to put 2015 over 2014 demand, in which spiking spot natural gas prices made the switch to oil for power generation an easy decision.

Spot natural gas prices have not seen in 2015 the spikes of Q1 2014. Transco Zone-6 New York spot gas was trading around $2.80/MMBtu on Thursday while Algonquin city-gates, a proxy for New England, was trading around $3.88/MMBtu. That compares to $9.45/MMBtu for New York Harbor utility-spec 0.3%S HP fuel oil, per Platts assessments Wednesday.

Spot gas prices have been less than New York Harbor fuel oil prices for one week, Platts data show, a trend that all but removes the incentive for dual-fuel generators to switch from natural gas to residual fuel oil or other oil products.

In 2014, spot gas prices spiked as high as $124/MMBtu in New York, according to Platts data.

--John-Laurent Tronche,
--Edited by Richard Rubin,