This drop in share was partly because of somewhat
higher natural gas prices in 2017 and partly because of mild summer weather for the nation.
Historically, the Northeast has been the poster child
for high natural gas prices during the winter season, due to insufficient infrastructure needed to bring natural gas to market.
While projections
for higher natural gas prices are expected to reduce gas» share in the generation mix, the subsequent increase in cash flow to gas producers is seen boosting gas Continue Reading
Trends in power prices in the rest of the nation were generally set
by higher natural gas prices, which is the marginal fuel for electric generation in most regions.
For there to be a second Kemper - style power plant, it would need to be in a place that «has
high natural gas prices, indigenous low - rank coals, a desire to control CO2 emissions and nearby oil fields,» said Jeff Phillips of the Electric Power Research Institute.
Europe leads in power - to - gas systems Electrolysis is likely to take off first in Europe, where many countries have high penetrations of renewable energy, ambitious climate goals and
high natural gas prices.
According to the New York Mercantile Exchange or NYMEX, New York City is expected to have
the highest natural gas prices in the nation this winter, due in part to the region's lack of natural gas infrastructure.
In
a high natural gas price scenario, 21 states need lift no finger to meet CPP emission targets established for 2030.
[44] Drilling expanded greatly in the past several years due to
higher natural gas prices and use of horizontal wells to increase production.