The lowest U.S. natural gas prices in decades have incentivized a record-high gas consumption for power generation amid growing electricity demand. Even the less efficient steam turbines and single-cycle gas power plants, typically operating at peak demand periods, were fired up as the U.S. benchmark gas price hit multi-decade lows amid high inventories and a milder winter.
Natural gas power plants accounted for about two-thirds of the 4% increase in total U.S. power generation in the first four months of the year, with solar…Natural Gas Becomes the Dominant Source of Electricity in the U.S.
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