How oil-rich Texas became a leader in renewable energy, while Alberta hit the brakes

[shtferbrains]

Why did you post that article about gas at $5.66.
That's about the equivalent of posting about canola at $25/bu.
Are you that out of touch with commodity markets?
Or do you just post bullshit?

[chuckChuck]

The article looked at prices in 2022 not spot prices for natural gas n 2024!

The big run up in 2021 and 2022 in Furrows chart was caused by rising natural gas prices!

Blame costlier natural gas, rising fees for increasing Texas power bills

[url]https://www.dallasfed.org/research/swe/2022/swe2204/swe2204e[/url]

Jesse Thompson

"The cost of fuel is a main reason for the faster growth of Texas power prices. Natural gas prices doubled over the 12 months ended in August to a monthly average of $8.58 per million British thermal units (MMBtu). They subsequently declined to $5.66 in October.

Natural gas provided 44 percent of the state’s electric power this past year versus 37 percent nationally. The structure of Texas’ power market also allows greater pass-through of costs to customers, as market pricing governs power producers and utilities. Prices are less flexible in more regulated markets that aren’t as tied to supply and demand."
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