U.S. Boosts Natural Gas Power as Wind Output Slumps to 33-Month Low

U.S. natural gas-fired power generation jumped this week amid the lowest wind power output in 33 months seen on Monday while demand for cooling is rising in the summer. On July 22, wind power output in the Lower 48 states was at its lowest level in the country since October 4, 2021, per preliminary data from the U.S. Energy Information Administration (EIA) cited by Reuters. This was despite constantly rising wind power capacity installations over the past three years. The hot summer with low wind speeds has led to low wind power generation, which…