[PAR35]

Read the article.

Perhaps YOU should read the article. It is about decreasing demand, not just increasing supplies from gas plants.

[Vigilanteman]

I read it. Demand/supply imbalance is, and always has been, a big part of the picture. We have low demand now because we had a mild winter in most of the country. That can easily rebound with the widely predicted hotter than normal summer. Natural gas generates electricity to run a/c as well as heat. As do competitive components such as coal and nuclear power.

The key problem is that we have a regime which makes decisions based on political whim and emotions (coal is dirty, nuclear is unsafe, natural gas causes global warming) rather than sound economics.

[aquila48]

You, PAR#35, obviously don’t know how to read.... Here, let me help you - read this... slowly.

“The 13-state grid secured 5,000 megawatts of new gas-fired generation while commitments to coal and nuclear generation fell by more than a combined 4,000 megawatts, Bresler said.

“Future capacity prices will remain volatile, thereby making it difficult to forecast earnings,” Michael Worms, an analyst at BMO Capital Markets, wrote in a note. “The one major surprise was the level of new generation, which was higher in this auction than last year and, we believe, well above expectations.””