The New Jersey Board of Public Utilities on Feb. 12 announced the results of the annual electricity auction for Basic Generation Service, indicating higher costs for electricity supplied to most residents and small and/or medium-sized businesses by the state’s four regulated electric distribution companies. The auction results show that the average electric ratepayer could see…...
The benchmark Henry Hub spot price is expected to average $3.80 per million British thermal units (MMBtu) during 2025, according to the U.S. Energy Information Administration’s February Short Term Energy Outlook. This is about 20 percent higher than the previous forecast. The increase in the natural gas price forecast can be attributed to a cold…...
The average transportation cost for U.S. coal declined from $19.29/ton during 2022 to $18.77/ton in 2023, according to a Feb. 12 report published by the U.S. Energy Information Administration. The decrease in transportation costs aligns with the decline in the volume of U.S. coal transported in 2023. U.S. coal deliveries have declined over the last…...
