Market analysis
Capture prices, hedges, volatility, spreads and average curves on EOX's curves, with the ISO settlement prices behind them.
Solar and wind capture prices
What a typical solar or wind plant's output earned at a hub each month, against the hub's around-the-clock average, and the same on EOX's forward marks for the coming months.
Capture against the hub
$/MWh by month; coming months on EOX's marks
By year, past
By year, on EOX's curves
By month
Best hedge for a location
Which of EOX's markets in the same ISO has tracked a location's day-ahead price most closely, with the hedge ratio and the risk a hedge at that ratio would have left.
Implied against realized volatility
EOX's implied vols by contract month against the volatility each contract's own EOX curve price has shown over recent curve dates.
Next month
% a year, on each vol curve date
Spread monitor
Any two to four power and gas curves combined, a ratio of two, or the winter-summer and calendar spreads of one, each ranked against its own history.
Coming months
Against history
Average forward curve
One EOX curve averaged over a window of curve dates, month by month, beside today's curve and the range over the window: a smoothed curve for planning and budgets.
Average curve
Node basis and shapes
How any pricing node has priced against a hub, month by month and block by block, from the ISO's day-ahead prices at every node: the basis shape to mark a node against its hub, and the hubs that have tracked it most closely. Built on ISO prices, not EOX data.
Basis to the hub by month
Shape by calendar month
Hubs and zones that track it best
Settlement averages
Each month's on-peak, off-peak and around-the-clock average of the ISO's own day-ahead or real-time prices at the hubs and zones EOX loads, to view or download. These are ISO prices, not EOX data.
How these are measured.
- Capture prices weight each hour's day-ahead price by a typical output shape for the balancing authority (EIA-930 generation by fuel, averaged over the years loaded), not a specific plant or the weather of any one month. Coming months spread EOX's on- and off-peak marks over the hours from the hub's own recent day-ahead prices, as in Hourly shapes.
- Best hedge fits the location's daily block average to each market's (least squares) over the days both have. The hedge ratio is MWh of the market per MWh at the location; the risk left is the daily standard deviation a hedge at that ratio would have left, as a share of the location's own. Past fit doesn't guarantee future fit.
- Realized vol is the annualised standard deviation of each contract's day-on-day log price changes on EOX's curves (power: on-peak Month contracts). Not available with month-end subscriptions.
- Spreads: today's months use each curve's shortest contract covering the month when its Month contracts stop; the history uses Month contracts on curve dates every leg has. The percentile is where today's value sits in that history.
- Average forward curve: simple averages of the curve's Month contracts over the curve dates in the window, by delivery month or by months ahead. Month-end subscriptions average month-end curves.
- Settlement averages are the ISO's own published prices, not EOX data: simple averages of day-ahead hourly or real-time 15-minute prices over each month's on-peak and off-peak hours (EOX's NERC hour table); complete months only.
- Nothing you enter is stored.