November power burn outpaces 2017 average by 1.6 Bcf/d 6,650 MW of coal-fired capacity retired since March Denver — Narrowing gas price elasticity in the US power sector could drive upside risk at the benchmark Henry Hub this winter, adding fuel to a rally that recently lifted the NYMEX to its highest in nearly five years. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Already this month, US gas demand from power generation is averaging nearly 24.8 Bcf/d, outpacing demand over the same period last year by 1.6 Bcf/d or nearly 7%, S&P Global Platts Analytics data shows. Even controlling for temperatures, which are about 2.8 degrees Fahrenheit colder this November than last, burn levels are exceptionally strong this month. In fact, since the Henry Hub’s cash market rally above $3.50/MMBtu started about 10 days ago, sample gas demand from generators has outpaced the […]