Shale Gas Leads to 50% Drop in Wholesale Electricity Prices

An article in Bloomberg Businessweek takes a look at the profound impact shale gas is having on the cost of energy in the United States. One of the biggest eye-poppers in the article: The average price of wholesale electricity has dropped 50 percent on average since 2008. Why? Because electrical generating plants are switching from other forms of producing electricity to using natural gas to produce electricity.

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