Overview

Natural gas and electricity are two forms of energy that are of particular interest to the Federal Energy Regulatory Commission. This primer explores the workings of the wholesale markets for these two forms of energy, as well as energy-related financial markets. Natural gas is the second largest primary source of energy consumed in the United States, exceeded only by petroleum. A primary energy source is an energy source that can be consumed directly or converted into something else, like electricity. Roughly a third of the natural gas consumed in the United States goes into power plants for the production of electricity. Electricity, a secondary energy source, results from the conversion of primary fuels such as fossil fuels, uranium or wind, into a fl ow of electrons used to power modern life.

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9781514665664

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