Natural gas price in New England, averaged $20.55 per million British thermal units (MMBtu) during January 2022
Weather-driven load increasesWeather-driven load increases.
During the week ending January 11, natural gas consumption in New England rose to 4.9 billion cubic feet per day , according to IHS Markit—the most since January 2021—contributing to high spot natural gas and electricity prices. A cold start to January 2022 has pushed average New England natural gas demand over 4.1 Bcf/d so far this year . Overall natural gas demand in New England is up 13% so far this winter compared with the previous five-season average.
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