Electricity Prices Drop as Shale Spurs Natural Gas Glut
January 17, 2012 | 3:05 PM
Electricity prices have dropped 50 percent between the beginning of 2008 and the end of 2011. The decline in gas prices could mean less investment in renewable sources of energy like wind.
A shale-driven glut of natural gas has cut electricity prices for the U.S. power industry by 50 percent and reduced investment in costlier sources of energy. With abundant new supplies of gas making it the cheapest option for new power generation, the largest U.S.
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