Natural gas rates for Alberta’s consumers are based on gas prices established through the Natural Gas Exchange (ICE NGX) electronic trading platform. The ICE NGX platform brings together sellers who “offer” natural gas for sale and buyers who “bid” for natural gas purchases. Contract terms may be for the day, the weekend, rest of month or future months’ deliveries. The trading platform is very liquid and typically sells over twice the amount of natural gas that is actually being produced in Alberta every day.
The following charts illustrate the daily and monthly index prices of natural gas for the current and prior month.