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