CleanTechnica•3 months ago
Severe Winter Weather Across Large Portions of the Country, Natural Gas Prices Increasing
- •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.
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