Tuesday, January 15, 2013

Natural Gas Utility Market Share Down in October

While utilities are saving natural gas, they are a fickle lot.  October 2012 saw Henry Hub spot natural gas prices increase by approximately 48 cents, or 17%, from September.  As a result, the market share of natural gas among utility users dropped from 32.3% in September to 29.5% in October.  That's still better than the 25.5% market share in October 2011, but it sure is a step down the chart:

Year-to-date 2012, gas has a 31.2% market share of net electricity generation, compared to 24.7% in 2011, so it's not all bad news.

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