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…
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…
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…
The US set a new record for daily wind electricity generation on December 23, 2020. According to the EIA, a total of 1.76 million MWh were generated from wind in the lower 48 states. The new record represented approximately 17% of the total daily US electricity generation. This new milestone eclipsed the pre-2020 record of…
