During the week of Fern, gas generation in the Lower 48 also increased 14% from the previous week while generation from solar, wind, and hydropower declined. Electricity prices in the region are closely tied to natural gas prices. Last year, EIA said it expected natural gas prices to average $4/MMBtu in 2025 and jump to $4.90/MMBtu in 2026, up from $2.20/MMBtu in 2024. On Monday, Natural Gas Intelligence reported natural gas spot prices had hit an all-time high, with a daily average of $30.565/MMBtu. Oil-fired generation surpassed natural gas in New England during the winter storm, EIA said Thursday.