The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per million British thermal units (MMBtu) on February 20, 2024, the lowest price in inflation-adjusted dollars since at least 1997, according to data from Refinitiv Eikon. High natural gas production, low natural gas consumption, and higher natural gas inventories than the … [continued]
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per million British thermal units (MMBtu), in our February Short-Term Energy Outlook (STEO). We forecast increases in natural gas prices as demand for natural gas grows … [continued]
If utilities modernize the way they select the resources they run each day, they can save carbon and reduce energy prices. Over the past three years, energy market prices have been exceptionally volatile. Natural gas prices spiked then tanked at the end of 2019 and wholesale market prices followed. When … [continued]
Germany activated the “alarm stage,” phase two of three of the country’s emergency methane-based gas plans, on Thursday after Russia’s Gazprom throttled deliveries by 60%. Phase three would allow the government to implement energy rationing. German economic minister Robert Habeck told reporters the cutbacks were a direct political attack in … [continued]
The spot natural gas price at the Algonquin Citygate, a trading hub and the benchmark for the natural gas price in New England, averaged $20.55 per million British thermal units (MMBtu) during January 2022 — the highest monthly average price since February 2014 — and exceeded $28/MMBtu on several days … [continued]
Average wholesale prices for electricity at major trading hubs in the United States were higher in 2021 than in 2020 as increasing costs for power generation fuels, especially natural gas, pushed electricity prices higher in the second half of 2021. Constraints on electricity supply as a result of cold weather … [continued]
Secrecy about the price that California utilities pay for natural gas contracts is a new sign that PV has now passed market price parity at wholesale (as well as at retail: for rooftop customers). The utility-scale solar industry used to have to compete against a “Market Price Referent” (MPR: the cost of … [continued]
A few months ago, we wrote about Republican millionaire Jay Faison’s apparent attempt to bring some sanity to Republican politics and push for solutions to global warming. It’s nice to see another person in the party has woken up to the threat of global warming enough that he is trying to jolt … [continued]
Originally published on RenewEconomy. The conservative press – the Murdoch media in particular – has hallelujahed the fall in gas prices as a great gift to the people, in the form of cheaper electricity. Except, this hasn’t happened. As this graph from Deutsche Bank shows, while natural gas prices in … [continued]
In his State of the Union, President Obama added to the conventional wisdom that supplanting coal with natural gas will act as a bridge toward a climate solution. Unfortunately, gas is more of a gateway drug than a bridge to a clean energy future. 1) It’s still a major greenhouse … [continued]
