The Argus North American Heat Rate Curves service is a powerful, independent market valuation tool used to support investment and trading decisions in power and natural gas markets across North America.

When participating in the energy commodities markets, you need the most accurate forward prices from a source without distortion or bias. Our clients act with confidence because our forward curves are built from unbiased, industry-specific methodologies with undistorted, fair market values. You can trust Argus' forward curves to provide deep market insights and data to support precision in your risk management and bottom line.

Key features


Daily electricity heat rates curves

More than 70 major electricity hubs as a valued function of CME Henry Hub Natural Gas Futures.


Heat rate curves

Forward price curves for standard On Peak, Off Peak and Round-the-Clock (RTC) forward contracts.


Quotes relative to Nymex

Heat rate curves are quoted relative to Nymex natural gas plus over-the-counter (OTC) locations.


Robust methodology

Independent and transparent market-appropriate methodology.


Delivery options

Receive our forward curve data via data feed, third-party channel partners, our client portal or via email.

Customers that benefit

The Argus North American Heat Rate Curves service is essential for anyone with exposure to North American natural gas and power markets. Below are examples of how some clients use this service:
  • Risk managers

    Risk managers use our forward curves data for unbiased, third-party curve validation against counterparties and internal valuations.

  • Traders

    Traders rely on our extensive historical analysis when determining locational and temporal spread relationships and use prior-day curves on a daily basis as a reference when entering the market the following morning.

Key price assessments

Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.