- The share of total electricity supplied by natural gas-fired power plants remains significant, but is getting smaller.
- In less than eight 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 now bearish (vs. 2020).
- This June 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, I estimate that the total natural gas supply-demand balance in June will be tighter than last year but only by around -1.1 bcf/day.
For further details see:
Natural Gas Vs. Renewables - The New Reality