As natural gas prices hit an average of $10.46/MMBtu in New York City in February, the switch from gas back to coal for power generation was on, data released Monday by the US Energy Information Administration showed.
"All parts of the country, except for Florida, saw a significant year-over-year decrease in electricity generation from natural gas due to the significant increase in natural gas prices," EIA analyst Tosha Richardson said. "Generation from coal and other fossil fuels displaced natural gas generation."
