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Wednesday, February 24, 2021 In the wake of the deep freeze that recently swept the nation, natural gas have taken the forefront among a slew of price gouging allegations. Last week’s winter storms caused natural gas spot market prices to spike, with some reporting up to a 100% percent increase. Reports also surfaced of spot prices for wholesale electricity in Texas’ power grid increasing more than 10,000%. In response, Minnesota Senator Tina Smith (D-MN) has not only encouraged federal regulators to investigate the price spikes, but has also requested regulators to “[i]nvoke, as appropriate, any emergency authorities available, including under the  Natural Gas Policy Act, to allocate natural gas supplies at fair prices.” Whether natural gas prices exceeded allowable limits under applicable price gouging statutes currently in effect depends, among other things, on whether natural gas is within the scope of these laws in the first place.

United statesRhode islandWest virginiaEnergy regulatory commissionMinnesota senator tina smithNatural gas policy actWhile kansasFederal energy regulatory commissionDeep freezeNatural gas pricesPrice spike in energyPrice gougingஒன்றுபட்டது மாநிலங்களில்ரோட் தீவுமேற்கு வர்ஜீனியாஆற்றல் ஒழுங்குமுறை தரகு