Utility Dive•23 days ago
Gas, electricity prices spiked year over year in November: EIA
- •Residential electricity prices rose 5.5% year-over-year in November.
- •Residential natural gas prices surged 88.5% year-over-year in November.
- •The dramatic increase in gas prices will significantly elevate operating costs for gas-fired generation (CCGT, simple-cycle) and directly impact wholesale electricity prices.
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