Tuesday, August 22, 2006
BENTEK Energy launches new U.S. Power -- Gas Burn Report to monitor daily natural gas consumption for power generation
DENVER (August 22, 2006) – The U.S. has been sweltering under extremely hot temperatures during both July and August this summer, resulting in record-setting electricity generation coast to coast. As a result, U.S. power plants have been burning natural gas at all-time high record rates as consumers crank up air conditioners nationwide to beat the heat.
According to data released by BENTEK Energy, the leading provider of daily energy market supply and demand information and analysis to both the energy and financial services sectors, approximately 29.6 billion cubic feet per day (Bcf/d) of natural gas was burned in July or 17.5% over the record burn in August 2005 of 25.2 Bcf/d. August month-to-date is even higher, recording 30.2 Bcf/d through August 22nd with a record breaking daily burn of 42.3 Bcf/d on August 2nd.
Due to the significant impact this summer’s unprecedented gas consumption could have on total gas demand and natural gas storage levels, BENTEK has created a new daily report of natural gas consumed by power generation plants. The BENTEK U.S. Power – Gas Burn Report covers 427 plants across the United States, representing almost 50 percent of the natural gas burned for power generation.