GAZB - Natural Gas In The Electric Power Sector: Latest Trends

• The share of total electricity supplied by natural gas-fired power plants remains significant, but is getting smaller.
• In less than seven months, renewables will probably be providing more electricity to U.S. consumers than coal-fired power plants.
• The monthly net impact of non-degree-day factors on natural gas consumption in the electric power sector is record low - particularly, due to very low levels of coal-to-gas switching.
• This July, wind, hydro, and solar generation will displace no less than 5.0 bcf/d of potential natural gas consumption in the Electric Power sector.
• I estimate that the total natural gas supply-demand balance in July will be looser than last year by around +2.97 bcf/day.

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