Last month’s electricity demand was the lowest monthly demand seen in the U.S. for the past three years, according to a report released Thursday by Genscape. The report cited warmer than usual weather along the coasts and well-below-average temperatures in the Upper Midwest as part of the cause for the lower demand.
The results were released in Genscape’s Generation Fuel Monitor Report, which stated that April 2013 was much cooler than April of the previous year, when above-average temperatures across the South and Central U.S. created a higher cooling load. April’s demand this year was down 8 percent from March 2013 and 1 percent from April 2012.
The year-to-date demand is up just 1 percent from last year, the reported stated.
Also in the report, Genscape stated coal power generation is continuing to take back market share lost to gas in 2012 as Henry Hub prices increase more than 100 percent on a year-on-year basis, while Genscape estimates delivered coal costs have only increased 5 percent. As a result, April coal consumption was up 15 percent on a MWh basis compared to 2012 while natural gas generation was down 19 percent.
Year-to-date coal usage is up 13 percent versus 2012 and natural gas generation is down 11 percent against last year, Genscape reported.
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