- The share of total electricity supplied by natural gas-fired power plants remains significant, but renewables are growing very fast.
- The total stock of coal-fired power plants will decrease to 216.4 GW (just 19.7% of total capacity).
- The monthly net impact of non-degree-day factors on natural gas consumption in the Electric Power sector is now bearish (vs. 2019).
- This December wind, hydro, and solar generation will displace no less than 5.1 bcf/d of potential natural gas consumption in the Electric Power sector.
- However, we estimate that total natural gas supply-demand balance in December will be tighter than last year by around -8.7 bcf/day.
For further details see:
The Competition Between Natural Gas And Renewables Is Intensifying