logo
Featured on 40:     Weather Chats     Gas Tracker     40's Friends     Brittany vs. Pie     Weather Discussion    
Watch ABC40 News Live!   (View)

Lower Natural Gas Prices Pull Down NE Power Costs

Power-lines3

BOSTON (AP) — New England’s power grid operator says falling natural gas prices again drove down regional electricity prices in 2012.

The report by ISO New England says natural gas-fired power plants generated just over half of the electricity produced in the region last year. So a nearly 20 percent decline in the average price of natural gas in 2012 helped pull down electricity prices 23 percent, in what the ISO said was the acceleration of a recent trend.

The report noted that the flip side of lower prices — increased demand for natural gas — continues to strain regional pipeline capacity. It said at times last year, natural-gas fired generators couldn’t operate because the fuel wasn’t available.

The report also said overall electricity consumption dropped by nearly 1 percent last year.


Comments

WGGB encourages readers to share their thoughts and engage in healthy dialogue about the issues. Comments containing personal attacks, profanity, offensive language or advertising will be removed. Please use the report comment function for any posts you feel should be reviewed. Thank you.
blog comments powered by Disqus