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The Value of Information in Changing Markets

The Value of Information in Changing Markets. NARUC/DOE Natural Gas Conference. Barbara Mariner-Volpe Energy Information Administration U.S. Department of Energy. September 23, 1997. Energy Information Administration. Diverse Users. Trade Press and Media. Government. Information

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The Value of Information in Changing Markets

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  1. The Value of Information in Changing Markets NARUC/DOE Natural Gas Conference Barbara Mariner-Volpe Energy Information Administration U.S. Department of Energy September 23, 1997 Energy Information Administration

  2. Diverse Users ... Trade Press and Media Government Information Aggregators OPERATORS Producers Pipeline Storage LDCs FINANCIAL Risk Managers Investors Marketers Brokers Traders Market Players CONSUMERS Energy Information Administration

  3. …With Diverse Information Needs Government Trade Press and Media Information Aggregators MARKETERS Spot Prices Futures Prices Storage Changes Supply Demand Weather OPERATORS FINANCIAL Reserves Flow Rates Nominations Receipts/Deliveries Weather Prices Spot Prices Futures Prices Supply/Demand Forecasts Market Analysis Market Players CONSUMERS Price Terms and Quality of Service Alternative Fuel Prices Long-term Availability Energy Information Administration

  4. With Restructuring, Information Needs Have Grown Exponentially Energy Information Administration Natural Gas Production Market information needed to support: PRODUCERS • Nominations • Futures/Options, Swaps • Capacity Trading • Load Balancing Storage PIPELINES MARKETERS BROKERS TRADERS MARKET HUBS • Hub Management • Risk Management • Rebundling DISTRIBUTORS Residential Commercial Industral Vehicle Fuel Electric Utility

  5. Energy Information Administration Information Infrastructure and Industry Changes 1997 1985 1994 1990 Internet Spot market ? 1992 Order 436 Futures market EBB’s , Weekly storage estimates. GISB, EDI 1996 Order 636 Electronic auctions

  6. Energy Information Administration Unique Daily Users of the EIA Web Site

  7. http://www.eia.doe.gov Natural Gas EIA's Specialized Natural Gas Geographic Information System (EIAGIS-NG) Weekly Market Update

  8. Energy Information Administration EIA Information - Valuable Support to Many Energy Market Activities Products EIA Information Market Assessment Forecasting Accurate Trend Analysis Comprehensive Market Activities

  9. Energy Information Administration EIA’s Goal : Cultivate Partnerships We Want Your Input

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