# New England natural gas and electricity prices increase on supply constraints, high demand -
		U.S. Energy Information Administration (EIA)

> The spot natural gas price at Algonquin Citygate averaged $20.55/MMBtu in January 2022, the highest monthly average since February 2014. New England wholesale power also topped $100/MWh on 25 days in January.

- Date: 2022-02-03 · published 2022-02-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9225-new-england-natural-gas-and-electricity-prices-increase-on-supply-constraints
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cold-driven load growth combined with constrained pipelines and scarce LNG keeps regional gas and power prices elevated and prone to spikes.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-04-03 | [Pacific Northwest sees highest daily natural gas spot prices in the U.S. since 2014 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/59775-pacific-northwest-sees-highest-daily-natural-gas-spot-prices-in-the-u-s-since.md) | -0.6% | -4.3% |
| NATGAS | 2022-01-26 | [U.S. Natural Gas Prices Jump On High Demand \| OilPrice.com](https://feedsoft.ai/events/6916-u-s-natural-gas-prices-jump-on-high-demand-oilprice-com.md) | +22.7% | +11.1% |
| NATGAS | 2021-02-16 | [Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand](https://feedsoft.ai/events/48844-natural-gas-prices-hit-historic-999-mmbtu-high-as-unrivaled-cold-strains-supply.md) | -27.6% | -40.0% |
| NATGAS | 2018-11-07 | [Commentary: U.S. natural gas prices surge on cold weather forecast - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/62209-commentary-u-s-natural-gas-prices-surge-on-cold-weather-forecast-energy-news.md) | +15.8% | +29.1% |
| NATGAS | 2018-11-15 | [Natural Gas Soars 20% in U.S. on Concerns About Winter Supplies - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/10415-natural-gas-soars-20-in-u-s-on-concerns-about-winter-supplies-energy-news-top.md) | +2.7% | -5.3% |

## Sources

- eia.gov: https://www.eia.gov/Todayinenergy/detail.php?id=51158

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.