API: Natural gas essential to providing reliable energy, study says
WASHINGTON, March 31, 2017 – API Chief Economist Erica Bowman reiterated the benefits of natural gas for electricity generation and grid reliability after PJM Interconnection, which coordinates the movement of wholesale electricity in all or parts of 13 states and the District of Columbia for more than 65 million people, released a study confirming the reliability of natural gas for power generation.
“Today’s report is an important reminder of the significant benefits that come from clean-burning natural gas,” said Bowman. “The study found that fuel diversity itself does not ensure reliability, but rather a diversity of attributes, such as ramping, fast start and cycling capabilities, all attributes that natural gas generation provides. Additionally, the report found that natural gas has no limits when it comes to taking a higher share of the grid’s electricity generation.
“Natural gas is an abundant energy resource that has lowered costs for American consumers and manufacturers and as this report confirms, provided a reliable source of energy for power generation. Moving forward, it’s important to put in place forward-looking policies that promote our nation’s global leadership in the production and refining of oil and natural gas and in the reduction of carbon emissions from power generation which are near 30-year lows.”
API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 30 million Americans.