2011 State of the Markets (Office of Enforcement, 04.19.12)
NG demand for power generation +3.1% over 2010. Gooooo, combined cycle!!
NG-fired generation increasingly displaced coal-fired generation. WOOO-HOOOO!!
http://www.ferc.gov/market-oversight/reports-analyses/st-mkt-ovr/so...
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landownerPermalink Reply by Max on -
From the link:
In 2011, natural gas prices at Henry Hub were down about 9% over 2010. The price of natural gas fell from the mid- $4/MMBtu at the beginning of the year to under $3/MMBtu by December. The price remained at the $3/MMBtu level through the end of the year and reached parity with Central Appalachian coal.
Cheaper fuel cost will wake up all the power generation board room meetings.
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