Argus launches North American electricity and natural gas forward curves
Houston, 3 January 2012
Global energy price reporting agency Argus has launched forward curve services for North American natural gas and electricity.
The new suite of services cover: North American Natural Gas Forward Curves, North American Electricity Forward Curves, Electricity/Natural Gas Correlation Curves and Electricity Forward Heat Rate Curves. Together, the new services provide a minimum of seven years forward monthly values for all major natural gas and electricity markets across North America.
Argus forward curves can be a useful tool for all energy trading functions, including the front, mid and back office. They can also be used to support investment decisions. Forward curves can be used in mark-to-market accounting as well as in numerous analytical applications such as value-at-risk, potential future exposure, regressions and scenario analyses.
Argus uses data from multiple market sources to produce curves for liquid locations and forward terms. Argus uses completed transactions and market bid-offer spreads to determine value at liquid points, and statistical techniques to determine value using time and locational spreads at illiquid ones.
Argus Media chairman and chief executive Adrian Binks said: “Argus’ new forward curves provide an authoritative and independent source of valuation for electricity and natural gas markets across North America. We believe these services will offer a definitive risk management tool to support investment and trading decisions.”
Argus forward curve methodologies are available online at: www.argusmedia.com/Methodology-and-Reference
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Tammy Tiedt in Houston
+1 713 968 0000
Seana Lanigan in London
+44 20 7780 4200
Argus Media is a leading provider of price assessments, business intelligence and market data on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer and transportation industries. It is headquartered in London and has offices in Houston, Washington, New York, Portland, Calgary, Johannesburg, Dubai, Singapore, Tokyo, Beijing, Sydney, Moscow, Astana, Kiev, Santiago and other key centers of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.