US LNG export facilities have been running at near capacity as the worldwide demand for natural gas continues to grow. Increased natural gas exports leave the US with less supply, leading US natural gas prices to reach their highest levels in years. If the winter season is as cold as expected, natural gas prices could…
In 2020, renewable power generation became the second largest source of electricity in the United States. According to the Energy Information Administration, renewable energy sources represented 21% of the electricity generated in the United States. This is the first time that renewable energy accounted for more generation than both coal (19%) and nuclear (20%). Electricity…
The first PJM capacity auction in three years saw some of the lowest clearing prices in its history. The auction resulted in an RTO clearing price of $50/MW-day, which is down from $140/MW-day in the previous auction, and lower than analyst’s expectations, due, in part, to a lower load forecast and reserve requirement. Another factor…
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…
