Higher Prices Limit Power Sector's Natural Gas Use -- Market Talk
Dow Jones
Jul 08, 2025
1229 ET - Power-sector natural gas use was below year-ago levels despite the heat wave across the East and Midwest at the end of June, "highlighting the impact of higher gas prices, rising renewables, and a shifting generation stack," Andy Huenefeld of Pinebrook Energy Advisors says in a note. "The dip in demand despite similar weather suggests that price sensitivity and structural changes are capping gas usage during peak load events." But the market remains reactive to weather forecasts, "particularly in Texas, where any meaningful heat wave could tighten balances quickly," he adds. Nymex natural gas is up 1.1% at $3.447/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
July 07, 2025 12:30 ET (16:30 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.