22 Jan '12, 2am

The natural gas glut is reshaping electricity markets | Peak Oil News

The natural gas glut is reshaping electricity markets | Peak Oil News

With abundant new supplies of gas making it the cheapest option for new power generation, the largest U.S. wind-energy producer, NextEra Energy Inc. (NEE), has shelved plans for new U.S. wind projects next year and Exelon Corp. (EXC) called off plans to expand two nuclear plants. Michigan utility CMS Energy Corp. (CMS) canceled a $2 billion coal plant after deciding it wasn’t financially viable in a time of “low natural-gas prices linked to expanded shale-gas supplies,” according to a company statement. Mirroring the gas market, wholesale electricity prices have dropped more than 50 percent on average since 2008, and about 10 percent during the fourth quarter of 2011, according to a Jan. 11 research report by Aneesh Prabhu, a New York -based credit analyst with Standard & Poor ’s Financial Services LLC. Prices in the west hub of PJM Interconnection LLC , the largest wholes...

Full article: http://peakoil.com/business/the-natural-gas-glut-is-resha...

Tweets

#humphreybo As Price of Oil Soars, Users Shiver and Cross Their Fingers | Peak ...: While natural gas prices hav...

#humphreybo As Price of Oil Soars, Users Shiver...

peakoil.com 22 Jan '12, 2pm

While natural gas prices have plummeted to 10-year lows, heating oil prices have been steadily rising for years and are ex...

Tata Motors makes natural gas commitment

thegreencarwebsite.co.uk 21 Jan '12, 11pm

Indian car maker Tata Motors will highlight its commitment to natural gas technology after selecting Omnitek Engineering C...

The Downs and Ups of Gas Prices: Gas exports co...

thedailygreen.com 22 Jan '12, 3pm

January 22, 2012 at 9:58AM by Jim DiPeso | comment The boom in domestic gas production will drive down gas prices and cut ...

Gas Exports: Driving Up Prices, Carbon Dioxide ...

thedailygreen.com 22 Jan '12, 3pm

January 22, 2012 at 9:58AM by Jim DiPeso | comment The boom in domestic gas production will drive down gas prices and cut ...

OPINION: Natural gas prices are falling, why ar...

Natural gas is the dominant fuel for electricity generation in Singapore. [link ] When natural gas prices are falling to i...

Beyond Hype, a Closer Look at New York's Choice...

dotearth.blogs.nytimes.com 23 Jan '12, 6pm

Throughout the four years this issue has been debated, the forgotten voice has been the upstate landowner. There seems to ...

Is natural gas a bridge to nowhere?

Is natural gas a bridge to nowhere?

grist.org 24 Jan '12, 10pm

Cross-posted from Climate Progress . President of American Gas Association (AGA), 1981: In fact, gas energy — currently Am...

With Gas so Cheap and Well Drilling Down, Why is Gas Production so High?

With Gas so Cheap and Well Drilling Down, Why i...

theoildrum.com 26 Jan '12, 1pm

Interesting perspective. In general it's good to not forget the time lag involved especially with offshore fields. Sometim...

Immediate action should be taken to stop drinki...

switchboard.nrdc.org 19 Jan '12, 4am

I just learned from a news article that, in 2008, two families in Medina County, Ohio, reported that their drinking water ...

Healthy, Natural Mouthwashes #green

thegoodhuman.com 22 Jan '12, 1pm

So what’s a concerned green consumer to do? EHANS recommends the following mouthwashes that do not contain alcohol, fluori...

UK wind farms hit 12% of electricity demand

renewableenergyfocus.com 16 Jan '12, 3pm

Focus on small hydro For centuries civilisations have taken advantage of the power of water. Once used by the Greeks for g...

Pipeline Politics Hit Illinois: Leaders' Keysto...

switchboard.nrdc.org 22 Jan '12, 3am

I was surprised to see Illinois GOP Chairman Pat Brady had been scheduled to take part in a big Keystone XL pipeline rally...

What Do Falling Natural Gas Prices Mean for Ren...

renewableenergyworld.com 13 Jan '12, 8pm

According to the U.S. Energy Information Administration, average natural gas prices on the wholesale spot market dropped a...

What Do Falling Natural Gas Prices Mean for Ren...

renewableenergyworld.com 13 Jan '12, 7pm

According to the U.S. Energy Information Administration, average natural gas prices on the wholesale spot market dropped a...

Collecting used oil to exchange for new cooking oil for needy

Collecting used oil to exchange for new cooking...

channelnewsasia.com 23 Jan '12, 11am

SINGAPORE: Some 15,000 students from various schools and residents in the North West district, are exchanging used cooking...