Higher natural gas prices this year are expected to result in the first annual decline in U.S. gas-fired electricity generation since 2017, the U.S. Energy Information Administration (EIA) said on Tuesday. This year, generation from natural gas-fired power plants in the U.S. electric power sector are set to decline by about 8 percent, largely due to an expected large rise in natural gas prices. In 2020, natural gas prices hit their lowest in decades , with the nominal price of natural gas delivered to electric generators averaging $2.37 per million British thermal units (MMBtu). This year, however, the EIA sees the average nominal price of natural gas for power generation surging by 41 percent to an average of $3.35/MMBtu, similar to the price in 2017. As a result, natural gas-fired generation is set to drop in 2021 compared to 2020, and the share of natural gas of U.S. electricity […]