Friday, May 23, 2014

EIA Electric Power Monthly: Coal Gains on Gas in March

EIA released its electricity report for March 2014, and it shows a slight year-on-year increase in total generation, and a notable loss in natural gas market share, in favor of coal.
Electric Power Monthly

Output comports roughly with the weather, which was notably cold in March.  Last march was also colder than normal, but 2012 was very warm:

Natural gas prices were spiking regionally in March to unprecedented levels, which likely accounts for the loss in generation market share.  Coal is up about 5% over last March, while gas consumption fell 8.6%.

Intermittent renewables continued to nip at the heels of fossil fuels, with wind and solar both setting new March records.  Hydro was also up over last year but below historical norms.