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Natural Gas And The Electric Power Sector: The Latest Trends

November 5, 2019  

In our previous article, we explained why natural gas traders should care about the latest trends in the Electric Power sector and what indicators they should be monitoring. In this article, we would simply like to update you on some of the latest trends.

As you know, Electric Power sector is the primary consumer of natural gas in the United States. Its share in the annual demand structure is more than 31%, while its share in the injection season demand is close to 50% (see the charts below).

The latest data indicates that the weight of the Electric Power sector in the natural gas market continues to grow. The EIA's latest Electric Power Monthly Report shows that, in August, the share of total electricity supplied by natural gas-fired power plants has increased by more than four percentage points y-o-y (from 39.68% to 43.96% - see the chart below). It was the largest share of natural gas-fired generation ever recorded. At the same time, the share of coal-fired generation has dropped by more than five percentage points over the same period to just 23.46%.

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