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2020 Saw Lowest Natural Gas Prices in Decades

Mild winter weather and the global COVID-19 pandemic drove natural gas prices in 2020 to the lowest annual average prices in several decades, averaging $2.05 per MMBtu at the national benchmark Henry Hub in Louisiana, according to EIA data. Natural gas demand for heating was low due to the mild weather, and economic shutdowns triggered…

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Declining natural gas-fired combined-cycle heat rates

The average operating heat rate for combined-cycle generators has declined over the last five years. According to the EIA, natural gas combined-cycle power generators installed since 2015 have an average heat rate of 6,654 Btu/kWh. This average is nearly 25% lower than units installed before 2000, which have an average operating heat rate of 8,840…

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Battery storage shows tremendous growth

Installed large-scale battery storage systems in the United States reached an all-time high as of the end of 2018. According to the EIA, a total of 125 installed battery storage systems having a combined capacity of 869 MW were operational in the US as of 2018. These figures are a significant increase compared to 2010…

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