October 9, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The value of natural gas as a provider of baseload power is becoming increasingly important and apparent as the U.S. shifts away from coal-fired power and increases renewable energy generation. The fuel's importance is particularly noticeable during the summer months. The U.S. Energy Information Administration's (EIA) Hourly Electric Grid Monitor shows that the U.S. set a record for natural gas-fired power generation on August 2, 2024, when the U.S. generated 7.1 million megawatt-hours, 6.8% more than the existing summer record for natural gas, which had been set the year before.
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