The United States Energy Information Administration said that higher production will probably push natural gas prices below those of 2017, leading to a higher share of power generation at the expense of coal. The trend toward gas is expected to drive more retirements of less competitive generators. “Natural gas, which is used for electricity generation, has been rising in recent years, and this trend could continue as more states move toward renewable energy sources,” EIA said.
The United States Energy Information Administration said that higher production will probably push natural gas prices below those of 2017, leading to a higher share of power generation at the expense of coal. “Natural gas, which is used for electricity generation, has been rising in recent years, and this trend could continue as more states move toward renewable energy sources,” EIA said.