Thursday, February 14, 2013
NEW YORK. 14 Feb. (Interfax-Energy) - Replacing coal plants with gas-fired units will only lift near-term United States gas demand by a modest amount, but a pick-up in retirements in 2015 will likely have a more dramatic impact, analysts have said.
Low gas prices prompted record coal-to-gas switching in the US power sector last year. The share of power generation fuelled by gas was roughly equivalent to that fuelled by coal in April 2012 for the first time since the Energy Information Administration began collecting data.
"For 2015, it does seem a lot of coal plants are scheduled to be retired by their operators/owners, and these schedules are indeed likely because of EPA regulation," Bentek Energy analyst Dennis Kasule told Interfax.
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