Nat gas is more stressed than the electric grid right now. residential not affected yet, but spot price went from 2.40s just over a week ago per Dth to a closing price of $140 on Fri.
Electric went up to 2000 per Megawatt Friday.
Industrial is getting hit first, then commercial. Residential probably wont see much impact unless things go way south.
Oklahoma gas wells are freezing up and supply is waning. Couple with increased demand, makes for a challenging situation and high prices.
Many Ercot power generation stations run off Nat Gas, so cost to market rate users is astronomical.
Electric went up to 2000 per Megawatt Friday.
Industrial is getting hit first, then commercial. Residential probably wont see much impact unless things go way south.
Oklahoma gas wells are freezing up and supply is waning. Couple with increased demand, makes for a challenging situation and high prices.
Many Ercot power generation stations run off Nat Gas, so cost to market rate users is astronomical.
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