Lower Natural Gas Price May Reduce Electricity Costs

Natural gas-fueled plants across the country are helping drive down electricity prices said PJM Interconnection.

A wholesale power market administrator, PJM found that new natural gas power plants coming on line are reducing capacity prices. This however, does not spell out lower prices for consumers and businesses. But the energy purchased for peak times helps ensure the lights stay on and the air conditioners running at times when everyone is using them.

“One of the biggest impacts on electric generation is the low price of natural gas as a fuel. It makes gas-fired generation more attractive to build because of the cost.”

Source: Press of Atlantic City

 

By Gaylen Davenport

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About Gaylen Davenport

Worldwide provides clients complete turnkey energy efficiency evaluation and solutions. Our focus is in energy saving measures that offer the most savings and financial incentives, creating a rapid return on investment. What sets Worldwide apart is our ability to design, install and certify our installations to qualify for the Federal tax incentives for energy efficiency, then provide the documentation necessary to secure the tax incentives. Worldwide has recently entered the renewable energy field at the request of several of our clients.

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