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US natural gas power generation declines

Natural gas-fired power generation in the United States declined through the first four months of 2021. According to the EIA, an average of 3,394 gigawatthours of electricity were generated daily by natural gas-fired power plants. This represents a 7% decline compared to the same period in 2020 and the first decline since 2017.   Despite…

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Stressed US energy infrastructure

The nation’s energy infrastructure succumbed to enormous stress as extreme winter weather gripped the US in mid-February. According to S&P Global Market Intelligence, power disruptions impacted energy customers in Texas, Louisiana, Oregon, and Virginia. Texas was hit particularly hard as millions of people were left without power for days.   Electric generation assets were severely…

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ISO-NE capacity auction ends with prices up from record low

As expected, ISO New England’s (“ISO-NE”) recent Forward Capacity Auction (“FCA”) 15 resulted in higher capacity clearing prices than FCA 14. The auction, consisting of five rounds of bidding, concluded on February 8th with preliminary clearing prices ranging from $2.48/kW-month to $3.98/kW-month, depending on zone. These prices represent a significant increase from FCA 14, when…

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