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electricity from gas-fired turbines? If so, gas prices doubled at essentially the same rate as the price of electricity on your first graph. Since such prices are set by almost monopolistic entities (at least when you consider the monolith of utilities and their 'regulators'), prices should trend similarly between the two energy sources.

That certainly accounts for the level price of electricity in the U.S., where the fall in gas price has raised the profits of utilities and the rate of investment in conversion to gas-fired generation.

paul spencer

by paul spencer (spencerinthegorge AT yahoo DOT com) on Wed Jul 3rd, 2013 at 05:31:49 PM EST

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