Friday, 13 July 2018

EIA sees gas-fired power to reach record high this summer

Gas-fired power plants will supply 37% of U.S. electricity generation during the summer month of June, July, and August, while the contribution of coal power will drop slightly to 30% in summer 2018, according to the EIA’s July 2018 Short-Term Energy Outlook (STEO). The fuel switch is driven by low-cost supply with delivered cost of gas forecast to average $3.16/MMBtu this summer, 2% lower than in the previous year.

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