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Technology, Low Prices Boosting U.S. Natural Gas-Fired Power Plant Efficiency

Technology, Low Prices Boosting U.S. Natural Gas-Fired Power Plant Efficiency

Natural gas-fired power plants are becoming increasingly efficient in the United States, according to a new analysis by the U.S. Energy Information Administration (EIA). The average utilization rate, or capacity factor, for the U.S. fleet of combined-cycle natural gas turbine (CCGT) plants has increased from 40% in 2008 to 57% in 2022, EIA noted. More…

October 2, 2023