Enbridge Operations and Financial Update
EENBRIDGE
Consumer and Industrial Impacts
Underinvestment driving energy costs higher...
Consumers
Year-over-year price increase as of Oct 20211
310%
180%
110%
80%
Power
(Eur.)
Power
(N.A.)
Gasoline Propane
(N.A.)
(N.A.)
Industry
Year-over-year price increase as of Oct 20211
480%
and, compromising reliability
China
•
130%
•
100%
110%
LNG
(Exports)
Nat. Gas Crude Crude
(N.A.) (Brent) (WTI)
Power rationing & rolling brownouts
Increased coal fired generation
Europe
Increased coal fired generation
Gasoline & diesel shortages
United States
•
California natural gas generation at
full capacity
⚫ Northeast and Midwest inventory.
concerns for winter heating
Record diesel generator sales
Retail & wholesale prices rising as demand outpaces energy supply
Intermittent energy sources unable to meet incremental demand
Energy transition must sustain affordable and reliable energy supply,
while lowering emissions across the energy value chain
(1) Underlying commodities: Power (N.A: CAISO/PJM & Eur: Nord Pool N2EX), Gasoline (NY Harbor), Propane (Mt. Belvieu), LNG (Japan/Korea Marker), Natural Gas (Henry Hub),
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