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Washington — A US trade group representing large natural gas suppliers came out in favor of a carbon price as a key method of reducing carbon emissions in power markets now and enabling drastic cuts or eliminating emissions in the future.

The position, which the Natural Gas Supply Association announced Tuesday, comes as an increasing number of states are adopting ambitious carbon reduction goals and renewable portfolio standards, and the gas industry is striving to show it can …

Falling natural gas prices tamped down annual U.S. wholesale power prices over the last decade by $7/MWh to $53/MWh—to a much higher degree compared to the impact of wind and solar growth—a new report from Lawrence Berkeley National Lab (LBNL) suggests. 

The Nov. 20–published report, The Impact of Wind, Solar, and Other Factors on Wholesale Power Prices: An Historical Analysis—2008 through 2017, studied price dynamics between 2008 and 2017 using a supply curve model, as well as hourly wholesale prices at more than …