which convers to around 3,000 MWh of electricity for, call it 3 bucks.
Which bears no relation at all to the residential price of 15 bucks per kilo watt hour. I realise that 2/3 of energy is lost when using NG to produce electricity via steam turbines - so there is the price of NG direct and the price of electricity prducd from NG - so it's, say, 3 bucks per 1,000 mWH.
Hi, Great work!
I have an enquiry in to the EIA that ask for a reconciliation of natural gas futures prices to residential gas prices.
Nov 24 G is at around 2 bucks 68 cents and the contract spec is for 10,000 mmBTU
https://uk.investing.com/commodities/natural-gas
which convers to around 3,000 MWh of electricity for, call it 3 bucks.
Which bears no relation at all to the residential price of 15 bucks per kilo watt hour. I realise that 2/3 of energy is lost when using NG to produce electricity via steam turbines - so there is the price of NG direct and the price of electricity prducd from NG - so it's, say, 3 bucks per 1,000 mWH.
Good catch! Keep us updated on the status please!