FINWIRES · TerminalLIVE
FINWIRES

California Gas-Fired Power Use Falls to Record Low as Batteries, Renewables Gain Ground, WoodMac Says

By

Natural gas supplied just 3.1% of electricity generation in the California Independent System Operator market on May 16, marking a record low, Wood Mackenzie said Thursday.

Gas accounted for less than 10% of daily CAISO generation from May 13 through May 17 as California continued reducing its dependence on gas-fired power, according to Wood Mackenzie.

Gas never supplied less than 20% of CAISO generation during the first 135 days of 2021 and exceeded 40% on 99 days, while the number of days above 40% fell to 56 in 2025.

Through May 15 this year, gas accounted for less than 20% of CAISO generation on 68 days and did not exceed 50% on a single day, Wood Mackenzie said.

California consumed an average of 35.7 billion cubic feet of gas per month during the 12 months ended March, down 34% from March 2023 levels and less than half the record 76.7 Bcf reached in December 2001.

Installed battery storage capacity across CAISO increased to 16,251 megawatts in April 2026 from 1,500 megawatts reported in August 2021, according to CAISO data cited by Wood Mackenzie.

Battery storage now regularly supplies at least 20% of system demand during evening hours by shifting solar generation produced earlier in the day.

On May 16, battery systems supplied at least 20% of demand between 7:05 p.m. and 11:10 p.m., while gas-fired generation did not exceed 3% of demand during that period, Wood Mackenzie said.

Battery output exceeded 7,500 megawatts and averaged up to 3,600 MW over the previous 31 days, reducing the need for gas-fired generation before sunrise.

Gas-fired generation totaled just 12,477 megawatt-hours on May 16, compared with the lowest daily totals of 104,174 MWh in 2021 and 50,199 MWh in 2025.

The 3,650-megawatt SunZia project began delivering wind power into the CAISO market in early May, with CAISO securing 3,167 MW of capacity and currently holding 2,131 MW of transmission rights.

Wind generation reached a record 8,294 MW on May 15 and averaged about 7,000 MW overnight on May 16, compared with roughly 4,000 MW a year earlier, according to Wood Mackenzie.

CAISO is developing two transmission projects that could add up to 5,000 MW of new capacity, including the 2,000-MW Southwest Intertie Project scheduled for 2028 and the TransWest Express line expected to begin operating in 2031, Wood Mackenzie said.

The 732-mile TransWest Express project will transport wind power from Wyoming into California, supporting further growth in renewable generation across the CAISO system, according to Wood Mackenzie.

Utility-scale solar capacity in CAISO increased to 22,702 MW in April 2026 from 14,116 MW in 2021, providing additional support for battery storage and renewable generation, Wood Mackenzie said.

Solar generation totaled 16.6 million MWh through May 12, up 48% from 2021, while its share of CAISO generation reached 33.2%. Over the same period, gas-fired output fell 53% to 10.9 million MWh, and its market share declined to 21.8%.

The Energy Information Administration expects solar generation to exceed gas-fired generation in California for the first time this year, with the gap widening further in 2027, Wood Mackenzie added.

Investments in solar, battery storage and transmission infrastructure over the past five years have sharply reduced California's reliance on natural gas, bringing the state's long-term goal of moving away from fossil fuels closer to reality, Wood Mackenzie said.

Related Articles

Commodities

US DOE Says Coal Support Measures Will Preserve 42 Mines, Projects $1.7 Billion in Private Investment

The US Department of Energy on Thursday said the Trump administration's coal-support initiatives will preserve and support 45 coal plants representing over 40 gigawatts of generation capacity, while helping keep about 42 coal mines in operation."Approximately $50 billion in costs to build new power generation have been saved, protecting ratepayers across the United States," it said.The investments are expected to generate an additional $1.7 billion in private sector investment to revitalize the coal industry, DOE said.Separately, DOE has chosen four coal modernization and reliability projects under its "Restoring Reliability: Coal Recommissioning and Modernization" initiative.The move aims to support coal-based generation, grid reliability and boost energy infrastructure.The projects are eligible for up to $350 million in funding and could add or preserve about 3.57 GW of coal-fired generation capacity, enough to serve roughly three million US households annually, according to DOE.Two of the projects involve planned coal-fired power plants in Anchorage, Alaska, and Mt. Storm, West Virginia, with a combined capacity of 2.85 GW.A third project would retrofit and modernize an existing 510-megawatt coal-fired facility in Guayama, Puerto Rico, while a fourth would recommission a 205-MW coal plant in Cumberland, Maryland, that ceased operations in 2024."DOE has committed $525 million to the overall funding opportunity, including $175 million for six previously announced projects to upgrade existing coal facilities," according to the statement.In a separate statement, the agency provided additional details on a previously announced Defense Production Act funding package, saying the West Gateway Terminal project in Oakland, California, would expand West Coast coal export capacity and support shipments to markets including Japan, South Korea, Taiwan, Vietnam and Malaysia."The West Gateway Terminal Project fills a critical infrastructure gap in the US energy export system by providing additional West Coast export capacity for American coal producers," said Kyle Haustveit, DOE Under Secretary of Energy.He added that with expanded access into global markets, the project "will support continued growth in US coal exports, improve supply chain resilience, and strengthen energy partnerships with allies throughout the Indo-Pacific region."

Commodities

US Natural Gas Update: Futures Gain on Weak Storage Build and Hotter Forecasts

US natural gas futures extended gains in after-hours trading on Thursday after government data showed a smaller-than-expected storage injection and weather forecasts turned warmer, boosting expectations for cooling demand heading into summer.The front-month Henry Hub contract and the continuous contract both rose by 4.45%, to trade at $3.357 per million British thermal units.Earlier on Thursday, the US Energy Information Administration reported that natural gas inventories increased by 95 billion cubic feet in the week ended May 29, below market expectations for a 99-105 Bcf build and under the five-year average injection of 101 Bcf for the period.The smaller-than-expected storage build was viewed as supportive for prices, reinforcing concerns that inventories may not be replenishing as quickly as normal ahead of the peak summer demand season.Despite the bullish weekly figure, total US gas inventories remained 5.7% above the five-year seasonal average, although they were down 0.8% from a year earlier."The market has become more sensitive to any sign that injections are not rebuilding inventories as quickly as normal heading into summer," Gelber & Associates said in a note following the storage report.The firm added that while inventories remain above the five-year average, the surplus is manageable and increasingly dependent on how rapidly heat spreads across major demand centers and whether LNG feedgas demand strengthens as maintenance activity eases.Weather forecasts also lent support to the market. According to Barchart, citing The Commodity Weather Group, forecast models shifted hotter on Thursday, with above-normal temperatures expected across the Midwest and Northeast through Jun. 13. The outlook is expected to lift cooling demand as air-conditioning usage rises in major population centers.Barchart, citing BNEF data, reported Lower-48 natural gas demand at 68.9 Bcf/d on Thursday, up 0.2 Bcf/d from Wednesday but down 1.3% from a year earlier. Celsius Energy estimated power-sector gas consumption at 23.6 Bcf/d late Thursday, unchanged from the previous day but 1.2 Bcf/d below year-ago levels.On the supply side, BNEF estimated Lower-48 dry gas production at 108.7 Bcf/d on Thursday, down 0.9 Bcf/d from the previous day but up 1.8% year over year.Meanwhile, estimated net feedgas flows to US LNG export terminals rose to 17.4 Bcf/d on Thursday, up 0.4 Bcf/d from Wednesday, although flows remained 4.4% below the prior week's level due to ongoing maintenance.

Commodities

US Biofuels Update: Soybean, Soybean Oil Futures Slump on Weak Demand, Favorable Crop Weather

Biofuels feedstock futures closed lower on Thursday, with soybean futures hit hard after another week passed with no labeled sales to China for the upcoming 2026-27 season.The Chicago Board of Trade July soybean futures contract closed 2.12% lower at $11.29 1/2 per bushel, while the CBOT July soybean oil futures contract settled 3.07% lower at 76.29 cents per pound.The Nymex July ethanol futures contract settled 1.27% lower on Wednesday at $1.95 per gallon.Rhett Montgomery, a DTN analyst, said the soybean market has dropped by over 50 cents per bushel in the first week of June alone."Soybean futures bore the brunt of the trader selling on Thursday, facing the same bearish weather implications but with losses accelerated in sluggish export demand as well as a sharp turn in soybean oil futures, which on a combination of profit taking as well as bearish influence from lower outside energy markets," Montgomery said.The analyst added that soybean product values have also turned lower this week, with board crush premiums dropping as well, though still among record levels and in a steady higher trend through 2026 thus far.For the week ending May 28, 2026, the US Department of Agriculture reported an increase of 10.2 million bushels or 276,900 metric tons of soybean export sales in 2025-26 and an increase of 8.9 mb or 243,000 mt for 2026-27.Last week's export shipments of 20.9 mb exceeded the 15.8 mb needed each week to meet the USDA's export estimate of 1.530 billion bushels for 2025-26.Soybean export commitments now total 1.468 bb for 2025-26, down 18% from a year ago. That is ahead of USDA's estimated pace, even as its estimate of U.S. ending soybean stocks is 16% larger than the previous five-year average.