TOOL 01 — BASIS DIFFERENTIAL TRACKER
Natural gas price & basis risk for regulated utility markets
Independent analysis of Henry Hub spot prices and delivery basis differentials at key U.S. pipeline hubs. Built for commission staff, consumer advocates, and energy policymakers. Powered by EIA public data.
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HENRY HUB
—
$/MMBtu
CHICAGO BASIS
—
vs Henry Hub
TRANSCO Z6 BASIS
—
vs Henry Hub
URI PEAK — FEB 2021
$23.86
HH monthly avg
WHAT IS BASIS RISK?
Basis risk is the spread between the NYMEX Henry Hub benchmark price and the actual delivered price at a utility's local pipeline hub. When utilities lock in gas supply at Henry Hub but pay local delivery prices, ratepayers bear the basis differential — which can be volatile and substantial, especially in winter months.
WHY IT MATTERS IN IRP PROCEEDINGS
Integrated resource plans that assume Henry Hub prices without accounting for basis risk systematically underestimate natural gas costs. This tool provides independent benchmark data to evaluate utility procurement performance and resource plan assumptions in formal commission proceedings.
ABOUT ENERGYVERITAS
EnergyVeritas is an independent analytical platform providing commission-grade natural gas market data and ratepayer risk analysis. Built by economists who file formal expert witness testimony before state utility commissions. More tools coming soon.