New Market Study, "United States Power Report Q1 2014", Has Been Published
While we have long held the view that the glut of cheap gas in the US will drive the acceleration of gas-fired capacity expansion and determine the composition of the country's energy mix, we have also cautioned that an inevitable rise in gas prices would lead to fluctuations in coal-gas generation dynamics. With this in mind, it appears coal generation has rebounded in 2013 due to higher gas prices in the first half of the year. While we maintain that...
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