Natural gas leads the way for new power generation

The Financial reports that natural gas was the top form of new power generation during the first half of 2012.

“As EIA reported, most of the new generators built over the past 15 years are powered by natural gas or wind. In 2012, the addition of natural gas and renewable generators comes at a time when natural gas and renewable generation are contributing increasing amounts to total generation across much of the United States.

In particular, efficient combined-cycle natural gas generators are competitive with coal generators over a large swath of the country. And, in the first half of 2012, these combined-cycle generators were added in states that traditionally burn mostly coal.”

Read the full article here.

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