The mix of energy sources used for power generation in California this summer changed from last summer, as renewables and imported electricity offset lower natural gas use. During summer 2016 (June, July, and August) thermal generation (almost all from natural gas) in the area serviced by the California Independent System Operator (CAISO) was down 20% from the previous summer, while generation from hydroelectricity, other renewables, and electricity imports was higher than the same period last year.
- Natural gas-fired power plants lead electric capacity additions in Mexico
- Natural gas prices in 2016 were the lowest in nearly 20 years
- Crude oil prices expected to increase slightly through 2017 and 2018
- Wholesale power prices in 2016 fell, reflecting lower natural gas prices
- Renewable generation capacity expected to account for most 2016 capacity additions