Lower Natural Gas Price May Reduce Electricity Costs

June 24, 2013

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

Leave a Reply

What Our Clients are Saying

  • “Since the installation we cannot say enough great things about [the] company. Not only were installers professional and efficient, but there was no interference with our day to day production during installation. We immediately have noticed a savings in our energy bills.”
    -Justin Kelly, Tompkins Industries Inc.
    Learn More
  • “Worldwide Energy was very professional through the whole process. They handled everything from start to finish. I would highly recommend Worldwide Energy to anyone looking to improve their lighting and control utility costs. They take care of everything, it’s easy.”
    -Shawn Wakeman, Frank Ancona Honda
    Learn More
  • “Our project was completed in a timely manner with excellent results. All changes requested were completed and the crew was willing to do whatever it took to make us happy.”
    -Bill Keefer, Westlake Ace Hardware
    Learn More
  • “After considering several companies, we selected Worldwide Energy to do our lighting retrofit, primarily because their proposal was total turnkey and provided the most complete level of service.”
    -Mike Gonnerman, ROM Corporation
    Learn More
Ⓒ 2022 Worldwide Energy

Stay up to date with us

apartmentuserscrossmenucheckmark-circle linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram