- The weight of the Electric Power sector in the natural gas market continues to grow.
- The monthly net impact of non-degree-day factors on natural gas consumption in the Electric Power sector is bearish (vs. 2019).
- Renewable generation can potentially displace no less than 4.5 bcf/d of natural gas consumption in the Electric Power sector in October.
- The fuel substitution element in our consumption models is now bearish for natural gas prices.
- However, we estimate that total natural gas supply-demand balance in October will be tighter than last year by around -5.10 bcf/day.
For further details see:
Natural Gas In The Electric Power Sector - October 2020 Update