CleanTechnica•29 days ago
Severe Winter Weather Across Large Portions of the Country, Natural Gas Prices Increasing
Key Takeaway
Rising natural gas prices due to winter weather are driving up wholesale electricity costs, directly impacting the operational expenses and financial outlook for developers and large power consumers.
AI Summary
- •Henry Hub natural gas spot prices surged to nearly $8.15/MMBtu on January 22, driven by severe winter weather and increased heating demand.
- •This sharp rise in natural gas prices is directly translating to higher wholesale electricity prices across the country.
- •Developers and large power consumers should anticipate increased operational costs and potential impacts on project economics and PPA negotiations due to these elevated energy prices.
Topics
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Article Content
Natural gas daily spot prices at the benchmark Henry Hub rose sharply over the past week, reaching nearly $8.15 per million British thermal units on January 22 as colder weather increased demand for space heating across the country. Higher wholesale natural gas prices generally contribute to higher wholesale electricity prices. ... [continued] The post Severe Winter Weather Across Large Portions of the Country, Natural Gas Prices Increasing appeared first on CleanTechnica .