Natural gas prices are going up, so are electricity prices. This will likely continue to happen. LNG is a big reason why. And the IRA could help if it's not gutted and left for dead. heatmap.news/energy/elect... - ThreadSky

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zeitlin.bsky.social • 19 days ago

Natural gas prices are going up, so are electricity prices. This will likely continue to happen. LNG is a big reason why. And the IRA could help if it's not gutted and left for dead.

https://heatmap.news/energy/electricity-prices-inflation

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zeitlin.bsky.social•19 days ago

atural gas prices have been rising and electricity prices alongside. Electricity in the CPI is up 3.6% in the last year and .8% in the last month, benchmark natural gas prices have almost doubled in the last year. https://heatmap.news/energy/electricity-prices-inflation

zeitlin.bsky.social•19 days ago

The EIA expects natural gas and electricity prices to continue to rise https://eia.gov/todayinenergy/

zeitlin.bsky.social•19 days ago

Why are gas prices rising? One big answer is LNG. European and Asian buyers will pay a premium for LNG and a larger LNG market means that the domestic price converges with the global price. https://heatmap.news/energy/electricity-prices-inflation

zeitlin.bsky.social•19 days ago

There are other supply and demand factors pulling on the gas price: electricity demand from AI and factories, and the drop in oil prices, meaning less domestic drilling and less associated natural gas https://heatmap.news/energy/electricity-prices-inflation

zeitlin.bsky.social•19 days ago

Public policy under the Trump administration has amplified all of this: encouraging more production overseas and lowering oil prices, permitting more LNG export terminals, encouraging AI development at home https://heatmap.news/energy/electricity-prices-inflation

zeitlin.bsky.social•19 days ago

And then this week, the House released its plan to gut the Inflation Reduction Act's clean energy tax credits. This means electricity prices will be *more* exposed to volatile and rising natural gas prices than they would be with more clean generation https://heatmap.news/energy/electricity-prices-inflation

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