Natural gas generation fell further than coal despite a net addition of 5.9 GW of new gas generation capacity, due to
higher gas prices earlier in the year.
Not exact matches
Energy storage will also release stored power during periods of
high demand in the
early mornings and evenings, when power
prices are at their
highest — another negative to the bottom line of
gas - fired plant owners.
The economy is hurting largely because of the initial wave of foreclosures and
high gas prices of
earlier in 2008.
With the dramatic increase in oil
prices earlier this year translating into
higher prices at the
gas pump in the United States, concerns over U.S. dependence on foreign oil are once again part of the national discussion on energy security.
The panel also warned consumers to brace themselves for
higher energy
prices, predicting that California drivers could be paying $ 5 per gallon for
gas as
early as this summer.