UNL - The Ripple Effects Of COVID-19 On Natural Gas Power Generation
Crude inventories, prices, and production have undoubtedly been front of mind for many energy investors, but the impact of COVID-19 is far-reaching across energy. With the vast majority of Americans under shelter-in-place orders and many businesses closed until further notice, the demand for electricity generation is decreasing. Following a 1.4% decline in 2019, the US Energy Information Administration ((EIA)) is forecasting that annual US electric power sector generation will decline by 3% in 2020, falling below four billion megawatt-hours for the first time in over a decade. However, not all power sources will feel this