April electricity demand hits three-year low

Power demand hit a three-year low for the month of April, as temperatures were warmer than usual on the East and West coasts and below-average temperatures lingered in the Upper Midwest, according to Genscape’s Generation Fuel Monitor Report.

Electricity demand dropped 1 percent from April 2012. It was down 8 percent from March 2013.

The report also found that coal power generation continues to reclaim market share from natural gas, reflecting higher natural gas prices.

Henry Hub natural gas prices are up more than 100 percent year-on-year, while Genscape estimated that delivered coal costs have increased just 5 percent.

April coal consumption per megawatt was up 15 percent compared to 2012, according to the report.

Natural gas power generation was down 19 percent.

Year-to-date, Genscape reported that coal-powered generation had increased 13 percent, while natural gas generation had dropped 11 percent.