Natural gas-fired power plants generated 2% of the electricity produced in Pennsylvania in 2001. Over the next 20 years, natural gas-fired generation in the state will increase rapidly, reaching 52% in 2021. Natural gas displaced most coal-fired generation, which fell from 57% of the electricity generated in Pennsylvania in 2001 to 12% in 2021. Natural…
In the Energy Information Agency’s latest Short-Term Energy Outlook, they expect that increased U.S. power generation from new renewables capacity—primarily wind and solar—will reduce generation from coal-fired and natural gas-fired power plants in 2023 and 2024. With the new solar and wind projects coming online this year, the EIA forecasts these two energy sources will…
EIA forecasts lower wholesale U.S. natural gas prices in 2023 and 2024. Reach out to TPI to see how this could affect your energy spend going forward. The full story >>
Prompt-month NYMEX natural gas was trading at $3.79/MMbtu in morning trading, up $0.12/MMbtu as of 12:45 p.m. ET.
Henry Hub: Natural Gas Market GAS STORAGE ALMOST EQUAL TO LAST YEAR & THE FIVE-YEAR AVERAGE EAST WILL SEE HIGH DEMAND IN THE NEXT WEEK Electricity: FirstEnergy Auction FirstEnergy is holding its second and final auction for next year on January 10 and should be announced shortly after. The first auction in October 2022 came…
COLD FRONT TURNS THE NATURAL GAS MARKET UPWARD WEATHER: COLDER TEMPS, HIGHER DEMAND ON THE WAY. The cold front will cover the U.S. for at least 14 days, increasing heating demand and raising Natural Gas prices. NATURAL GAS STORAGE REPORT: EIA Electricity PJM BGE FORWARD POWER PRICING PJM ADHUB FORWARD POWER PRICING
Liquefied natural gas (LNG) import capacity in the European Union (E.U.) and the United Kingdom (U.K.) will expand by 34%, or 6.8 billion cubic feet per day (Bcf/d), by 2024 compared with 2021, according to the International Group of Liquefied Natural Gas Importers (GIIGNL) and trade press data. Learn More >>
Natural Gas Headlines: Henry Hub The 12-Month natural gas futures strip closed at $5.41 per MMBtu, an increase of $0.01 per MMBtu compared to the prior week. Additionally, the 12 Month strip increased by $0.01, the 2023 strip decreased by $0.00; the 2024 strip increased by $0.02, and the 2025 strip increased by $0.05. Natural…
U.S. heating oil prices were 65% higher this October than in October of last year, according to our Heating Oil and Propane Update (HOPU). Residential heating oil prices rose to an annual high of $5.90 per gallon (gal) on November 7, 2022, because of tight inventories, low imports, and limited production capacity. The complete story >>
