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U.S.’s Natural Gas-Fired Power Plants Set Daily Production Records in July Despite High Fuel Prices

August 25, 2022

The U.S. Energy Information Administration (EIA) reported that electricity generated by natural gas–fired power plants in the lower 48 states reached 6.37 TWh on July 21, setting a new record high for a day.

In fact, the previous high, set on July 27, 2020, was broken three times during that week in July, first on the 18th, then that record was broken on the 20th, which was subsequently broken the following day (Figure 1). Gas prices, however, are markedly higher today compared to when the 2020 record was set.

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