Commodity Prices

Natural gas

Natural gas prices are modeled at the zonal level, with each NYISO zone mapped to a regional pipeline hub. Four hubs are used to capture the geographic variation in gas pricing across the state: Tennessee Z4 200L, Iroquois Z2, Tennessee Z6, and Transco Z6 NY. PJM, ISO-NE, and MISO each use a single representative hub.

Short-term gas prices are sourced from CME natural gas futures. Long-run prices are blended with EIA Annual Energy Outlook projections. Hub-specific basis differentials are applied to reflect regional pricing differences.

Data sources

Source Description Link
CME Natural gas futures CME
EIA AEO Long-run gas price projections EIA AEO

Coal

Coal prices are basin-specific. Four basins are represented — Northern Appalachia, Central Appalachia, Illinois Basin, and Powder River Basin — each mapped to the zones they supply. Historical prices are sourced from EIA spot data; forward prices from EIA AEO projections.

Data sources

Source Description Link
EIA Coal spot prices and AEO projections EIA Coal

Distillate fuel oil

DFO pricing is sourced from EIA AEO sub-region projections.


Minor fuels

Nuclear, municipal solid waste, landfill gas, biomass, and petroleum coke are assigned fixed or zero fuel costs based on published averages.