New requirements from FERC are providing an unprecedented level of visibility into natural gas markets across North America.
A new order from the Federal Energy Regulatory Commission (FERC) is requiring many intrastate pipelines, storage operators and local distribution companies (LDCs) to post natural gas flow and capacity data at the most significant points within those systems. This new source of information provides an unprecedented level of visibility into natural gas markets across North America.
The requirement, FERC Order 720, promises to revolutionize the information transparency of markets served by intrastate (called non-interstate) pipeline and storage systems. Natural gas flow and capacity data is available from industrials, utilities, storage facilities and other systems operating within state boundaries. Almost 150 intrastate pipelines, storage operators, local distribution companies and others are subject to Order 720’s data posting requirements.
Platts provides convenient, standardized access to current, daily “720” data as soon as it is made available by pipelines, storage facilities and other operators. The data is reformatted and enhanced through the use of Platts' information collection and aggregation technologies to facilitate easy examination and analysis by Platts' Energy Data Warehouse™ customers. The data can be accessed using Platts BENport® system to query, process and report data. As an alternative, data can be delivered directly to clients’ databases for use in creating proprietary models and structures.
Energy traders, developers and investors can also take advantage of Interstate data in easy to use Market Models, which are spreadsheet-based reports designed to provide daily updates of pipeline flows, supply and demand. Market Models can be utilized to analyze aggregate level data, like total demand in a region or total supply from a producing basin. The model can then be used to drill down to the meter level to discover daily flows as well as scheduled flows for the next day.