Even During COVID-19, More Power Producers Switching to Natural Gas

The U.S. Energy Information Administration (EIA) reports that natural gas-fired generation in the lower 48 states increased nearly 9% in the first half of 2020 compared with the first half of 2019.

The monthly Henry Hub natural gas spot price, a benchmark for U.S. wholesale prices, averaged $1.81 per million British thermal units (MMBtu) through the first half of the year, compared with an average of $2.74/MMBtu one year earlier. 8/18/2020