Much of the 60,000 MW of dual-fuel power generation in the United States will be burning natural gas this winter rather than heavy fuel oil in contrast to last winter, when record high gas prices compelled generators to burn anything but gas, consulting firm Energy Security Analysis Inc. (ESAI) said in its latest Natural Gas Stockwatch.
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West Pricing Strongest; Power Alert Effects Minimal
Monday’s spot trading yielded a hodgepodge of results, with hotweather in both the East and West being the primary market force.Despite an appeal for electricity conservation in New England asregional power utilities strained to meet demand, gas prices thereshowed little change. But a western heat wave had quotes rangingfrom flat to more than a nickel higher.
June 29, 1999
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