The Energy Information Administration (EIA) has issued its Natural Gas Monthly report for March and, among other things, its shows that gas delivery to power plants is up dramatically compared to one year earlier.
“Electric power deliveries were 717 Bcf, or 23.1 Bcf/day, a 28.3% rise from 18.0 Bcf/day in March 2014,” EIA reported.
At the same time, however, deliveries to residential consumers, along with commercial and industrial customers were all down when compared to March 2014, EIA said.
The average spot price for natural gas during the first quarter of 2015 was only $2.90/mmBtu. That compares to $5.18/mmBtu during the first three months of 2014 and $3.49/mmBtu during the first three months of 2013. The figure represents the average of the daily closing spot prices for natural gas at the Henry Hub in Louisiana.
The electric power price for natural gas during the first quarter amounted to $4.31. That’s compared to $7.19 in the first quarter of 2014 and $4.55 in the first quarter of 2013. The electric power sector comprises electricity‐only and combined‐heat‐and‐power plants within the NAICS 22 category whose primary business is to sell electricity, EIA said.
or electricity and heat, to the public. Data include non-regulated members of the electric power sector.
EIA posted the monthly natural gas report May 29 on its website. The link can be found at http://www.eia.gov/naturalgas/monthly/