LNG feed gas – natural gas deliveries by pipelines to U.S. liquefied natural gas export facilities – averaged 12.8 billion cubic feet per day during the first half of this year, up 0.5bcf/d or 4 percent compared to the same period in 2022 and 1 bcf/d or 8 percent higher than the annual average in…...
Power demand in Texas hit record highs in late June and July as homes and businesses increased air conditioning, fans, and other cooling equipment to tackle extreme heat waves. Hourly demand on the Texas power grid peaked at 82,579 megawatthours on July 18 in the 6:00 p.m. hour central time, according to a July 26…...
The average monthly spot U.S. natural gas price declined between January 2023 and June 2023 by 34 percent, or $1.12 metric million British thermal units, according to a July 24 report from the U.S. Energy Information Administration. The report, based on data from Refinitiv Eikon, attributes the price decrease to a comfortable supply picture due…...
U.S. natural gas storage injections far this summer have exceeded the previous five year average (2018-2022), according to the U.S. Energy Information Administration. As of July 7, natural gas inventories totaled 2,930 billion cubic feet in the lower 48 states. U.S. gas prices have largely followed a downward trend during 2023, in line with robust…...
As competitive electric suppliers expand their product and service offerings, state lawmakers and utility commissions across the U.S. continue to explore actions to improve oversight.
Energy consumers in Michigan can anticipate more affordable prices in 2023 summer compared to 2022, according to a June 7 report released by the Michigan Public Service Commission. The report projects a decrease of 86 cents per gallon in average seasonal gasoline prices. Although there may be a slight increase in electricity costs, this will…...
In the most recent winter heating season during Nov 1–March 31, U.S. electricity generation from natural gas was the highest in over 25 years. Setting a record at 619 billion kilowatt-hours (BkWh), gas-fired generation averaged over 120 BkWh per month and accounted for 38 percent of U.S. power generation mix, according to a June 6…...
Texas is completing its first full legislative session since the 2021 Winter Storm Uri exposed catastrophic reliability flaws. The Texas legislature convenes in odd-numbered years. In 2021, a package of laws was passed to address critical reliability flaws like weatherization. In the current session, lawmakers are looking at the big picture and proposing to fundamentally secure natural gas as the backbone of reliability.
The U.S. Environmental Protection Agency on May 11 proposed new rules to limit carbon dioxide emissions from fossil fuel-fired power plants, with emission limits phasing in over the next decade. The proposed standards rely on carbon capture and sequestration, low-emission hydrogen co-firing, and natural gas co-firing technologies to achieve emissions reductions. Starting in 2030, the…...
The ongoing conversation on the role of natural gas utilities in reducing emissions continues as utilities work towards achieving ambitious state decarbonization goals.
State regulators in the U.S. are tightening regulations governing competitive retail electricity markets, as they closely examine supply offers to determine if they are fairly priced, offer intended benefits of competition, and support clean energy goals.