EIA predicts that solar energy production will increase 39% next year due to the continued expansion of solar capacity. In addition, EIA is also anticipating changes in natural gas prices, expecting them to be 23% lower than originally anticipated.
A milder-than-expected winter caused a decrease in natural gas consumption for heating purposes; This contributed to an increase in US natural gas inventories and a resulting decline in prices. With record domestic natural gas production and unexpected demand trends, the energy sector is entering a period of unexpected changes.
Source: Ferra
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