ML12090A839

Entergy Pre-Filed Evidentiary Hearing Exhibit ENT000497, Federal Energy Regulatory Commission, Electric Power Markets: National Overview (Mar. 2012)

ML12090A839
Person / Time
Site:	Indian Point
Issue date:	03/30/2012
From:	US Federal Energy Regulatory Commission
To:	Atomic Safety and Licensing Board Panel
SECY RAS
Shared Package
ML12090A819	List: ML12090A820 ML12090A822 ML12090A823 ML12090A824 ML12090A825 ML12090A826 ML12090A827 ML12090A828 ML12090A829 ML12090A830 ML12090A831 ML12090A832 ML12090A833 ML12090A834 ML12090A835 ML12090A836 ML12090A837 ML12090A838 ML12090A839 ML12090A840 ML12090A841 ML12090A842 ML12090A843 ML12090A844 ML12090A845 ML12090A846 ML12090A847 ML12090A848 ML12090A850
References
RAS 22161, 50-247-LR, 50-286-LR, ASLBP 07-858-03-LR-BD01
Download: ML12090A839 (8)

Text

Federal Energy Regulatory Commission

• Market Oversight

• www.ferc.gov/oversight Electric Market National Overview Electric Market Overview 1000 Source: Created in Energy Velocity.

Page 1 of 8 March 2012 ENT000497 Submitted: March 30, 2012

Federal Energy Regulatory Commission

• Market Oversight

• www.ferc.gov/oversight Regional Transmission Organizations Electric Market Overview: RTO Map 10000 Updated January 13, 2011 Page 2 of 8 March 2012

Federal Energy Regulatory Commission

• Market Oversight

• www.ferc.gov/oversight Weekly U.S. Electric Generation Output and Temperatures Electric Market Overview: Generation Output and Temperatures Source: Derived from EEI and NOAA data 1110

-80

-60

-40

-20 0

20 40 60 80 Degree Days Deviation from Normal 50,000 60,000 70,000 80,000 90,000 100,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Electric Generation (GWh) 2007-11 Range 2012 Updated: March 08, 2012 Page 3 of 8 March 2012

Federal Energy Regulatory Commission

• Market Oversight

• www.ferc.gov/oversight Day Ahead On-Peak Avg. Monthly Congestion - July 2011 Source: Velocity Suite Electric Market Overview: Day Ahead Congestion Prices 10005 Updated August 12, 2011 Page 4 of 8 March 2012

Federal Energy Regulatory Commission

• Market Oversight

• www.ferc.gov/oversight WECC RFC RFC NPCC SERC MRO FRCC ERCOT Pricing Point Black - current price Green - increase/previous year Red - decrease/previous year NP 15 SP 15 Four Corners Palo Verde COB Mid-Columbia Minnesota Hub ERCOT North Florida TVA Cinergy NI Hub PJM West NYPP Zone G Mass Hub NYPP Zone J MAIN Average On-Peak Spot Electric Prices 2011 ($/MWh)

$29.10

-19.0%

$32.55

-16.2%

$35.81

-10.6%

$36.87

-8.3%

$36.10

-6.9%

$36.34

-8.4%

$61.55 49.6%

$40.31

-1.3%

$34.57

-6.2%

$44.62

-12.2%

$40.68

-2.7%

$41.17

-0.8%

$51.99

-3.2%

$62.71

-4.6%

$56.41

-5.2%

$52.64

-6.3%

Southern

$39.97

-6.2%

Electric Market Overview: On-Peak Spot Electric Prices 1207 Source: Derived from Platts data.

SPP

$36.41

-5.9%

SPP Entergy

$37.14

-7.3%

Updated: March 2, 2012 Page 5 of 8 March 2012

Federal Energy Regulatory Commission

• Market Oversight @ FERC.gov Regional Spot Prices: 2009-2011 Source: Derived from Platts data.

Electric Market Overview: Regional Spot Prices 1208 2009 2010 2011

% Change 09-10

% Change 10-11 2009 2010 2011

% Change 09-10

% Change 10-11 Northeast Mass Hub 46.24 56.18 52.64 21.5%

-6.3%

34.57 38.84 37.95 12.4%

-2.3%

Ny Zone G 49.80 59.48 56.41 19.4%

-5.2%

34.14 39.47 38.26 15.6%

-3.1%

NY Zone J 55.77 65.76 62.71 17.9%

-4.6%

35.25 40.37 39.19 14.5%

-2.9%

NY Zone A 35.54 43.89 41.52 23.5%

-5.4%

27.98 34.05 32.65 21.7%

-4.1%

PJM West 44.60 53.68 51.99 20.4%

-3.2%

31.68 35.81 33.94 13.0%

-5.2%

Southeast VACAR 36.42 43.24 44.44 18.7%

2.8%

25.68 29.18 30.23 13.6%

3.6%

Southern 36.58 42.61 39.97 16.5%

-6.2%

25.82 29.51 27.98 14.3%

-5.2%

TVA 34.91 41.79 40.68 19.7%

-2.7%

24.69 27.43 27.55 11.1%

0.4%

Florida 40.75 50.81 44.62 24.7%

-12.2%

28.00 31.59 31.27 12.8%

-1.0%

Entergy 33.57 40.07 37.14 19.3%

-7.3%

21.89 24.87 24.52 13.7%

-1.4%

Midwest Cinergy*

34.65 41.51 41.17 19.8%

-0.8%

22.15 24.34 25.86 9.9%

6.2%

Michigan Hub 36.56 43.68 42.73 19.5%

-2.2%

22.97 26.84 27.52 16.9%

2.5%

Minnesota Hub 32.09 36.86 34.57 14.9%

-6.2%

14.19 17.61 16.39 24.1%

-6.9%

NI Hub 34.47 40.85 40.31 18.5%

-1.3%

19.49 21.70 22.78 11.3%

5.0%

Illinois Hub 31.36 38.22 38.12 21.9%

-0.2%

17.44 20.44 22.20 17.2%

8.6%

MAPP South 33.31 37.60 35.48 12.9%

-5.6%

20.78 21.76 19.90 4.7%

-8.5%

South Central SPP North 32.94 38.71 36.41 17.5%

-5.9%

20.36 21.51 20.42 5.7%

-5.1%

ERCOT North 34.89 41.15 61.55 17.9%

49.6%

22.37 26.97 25.74 20.6%

-4.6%

Southwest Four Corners 35.38 39.68 36.34 12.2%

-8.4%

23.76 27.02 20.45 13.7%

-24.3%

Palo Verde 34.77 38.76 36.10 11.5%

-6.9%

24.26 27.72 21.57 14.3%

-22.2%

Mead 36.58 40.11 36.92 9.7%

-8.0%

26.34 29.37 22.34 11.5%

-23.9%

Northwest Mid-C 35.66 35.90 29.10 0.7%

-19.0%

28.24 29.19 19.98 3.4%

-31.6%

COB 38.02 38.84 32.55 2.2%

-16.2%

29.22 29.86 19.92 2.2%

-33.3%

California NP15 39.29 40.08 35.81 2.0%

-10.6%

28.66 29.89 21.26 4.3%

-28.9%

SP15 38.31 40.21 36.87 5.0%

-8.3%

26.64 29.14 21.78 9.4%

-25.3%

On-peak Spot Prices ($/MWh)

Off-peak Spot Prices ($/MWh)

Note: Effective January 1, 2012, Platts w ill replace the Cinergy Hub w ith the Indiana Hub.

Updated: March 12, 2012 Page 6 of 8 March 2012

Federal Energy Regulatory Commission

• Market Oversight

• www.ferc.gov/oversight Regional Electric and Input Prices: 2009-2011 Source: Derived from Platts & Bloomberg data.

Electric Market Overview: Electric and Input Prices 1209 2009 2010 2011 Electric Spot Prices (On-Peak $ per MWh)

Mass Hub

$46.24

$56.18

$52.64 Cinergy

$34.65

$41.51

$41.17 SP-15

$38.31

$40.21

$36.87 Input Prices Natural Gas ($ per MMBtu)

Henry Hub

$3.92

$4.37

$3.99 New York

$4.89

$5.41

$4.98 Southern California

$3.61

$4.25

$4.05 Coal ($ per ton)

Central Appalachian (Eastern)

$53.65

$64.97

$78.70 Powder River Basin (Western)

$9.09

$12.75

$13.63 Oil WTI (Crude - $ per barrel)

$0.00

$79.39

$98.17 Residual Fuel, New York ($ per barrel)

$61.18

$78.98

$115.07 Distillate Fuel, New York ($ per gallon)

$1.90

$2.38

$3.24 Electricity and Input Prices, 2009-11 Updated: March 12, 2012 Page 7 of 8 March 2012

Federal Energy Regulatory Commission

• Market Oversight

• www.ferc.gov/oversight Central Appalachian and Powder River Basin Coal Prices National Electric Market Overview: Coal Prices Notes: The Central Appalachian (CAPP) coal is priced at Big Sandy. All others are mine mouth prices. Prices do not include transportation costs to a plant, as those can vary widely by contract specifications. Prices exclude incremental cost of emissions allowances Source: Derived from Bloomberg data 1148

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Central Appalachia Northern Appalachia Illinois Basin Colorado/Utah Powder River Basin Price ($/ ton)

Updated: March 06, 2012 Page 8 of 8 March 2012