Natural Gas Prices Down as Solar Power Generation Jumps 22%
Solar generation rose 22% as record summer electricity demand was met while Henry Hub gas averaged $2.93 per million British thermal units, the Energy Department said.
- U.S. solar power generation rose 22% this summer, meeting record-high electricity demand as Henry Hub natural gas prices remained under $3 per million Btu, Energy Department data shows.
- Increased renewable electricity generation, record natural gas production, and ample inventories helped limit upward pressure on prices, the Energy Department said in an analysis published last week.
- Total solar generation increased by an estimated 19.4 billion kilowatt-hours in June-August, while wind generation rose 9.3 billion kilowatt-hours and natural gas power grew 7.5 billion kilowatt-hours.
- Energy Secretary Chris Wright stated the United States is "solidifying its position as the world's largest LNG supplier," with exports on track to surpass 120 million tons this year.
- The Energy Department estimates domestic natural gas inventories in the Lower 48 states will total 3,985 billion cubic feet at end-October, about 5% above the five-year average.
14 Articles
14 Articles
Natural gas prices down as solar power generation jumps 22% - Regional Media News
(The Center Square) - The price of natural gas at the Henry Hub in Louisiana averaged $2.93 per million British thermal units from June through August, about 6% less than last year, even though the Lower 48 U.S. states recorded the hottest July on record [...]
Roundup: Natural gas prices / Hiring hits brakes / Data center diplomacy
Renewables’ effect: Natural gas prices at Louisiana’s Henry Hub averaged $2.93 per million British thermal units from June through August, about 6% below last year, despite the Lower 48 experiencing its hottest July on record and record electricity demand. The surge in power demand was met largely by renewable energy, with solar generation rising 22% and wind generation 9.8% from a year earlier, while natural gas-fired generation increased just …
Natural gas prices down as solar power generation jumps 22% - The Daily Bo Snerdley
(The Center Square) – The price of natural gas at the Henry Hub in Louisiana averaged $2.93 per million British thermal units from June through August, about 6% less than last year, even though the Lower 48 U.S. states recorded the hottest July on record and the demand for electricity soared. Average temperatures across the Lower 48 reached 77 degrees Fahrenheit, in July, according to the National Oceanic and Atmospheric Administration, with t…
The Guam Daily Post
Natural gas prices down as solar power generation jumps 22%
(The Center Square) - The price of natural gas at the Henry Hub in Louisiana averaged $2.93 per million British thermal units from June through August, about 6% less than last year, even though the Lower 48 U.S. states recorded…
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