- The share of total electricity supplied by natural gas-fired power plants remains significant, but is getting smaller.
- In less than 12 months, renewables will probably provide more electricity to U.S consumers than coal does today.
- The monthly net impact of non-degree-day factors on natural gas consumption in the Electric Power sector is now bearish (vs. 2020).
- This February wind, hydro, and solar generation will displace no less than 6.0 bcf/d of potential natural gas consumption in the Electric Power sector.
- However, we estimate that total natural gas supply-demand balance in February will be tighter than last year by around -13.0 bcf/day - mostly due to colder weather.
For further details see:
Natural Gas Is Losing Share In The Electric Power Market