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Even as Prices Shrink, Natural Gas Losing California Market Share to Solar

Natural Gas Intelligence · last updated

Key insights on the natural gas market provided by NGI’s price and data analysts

Line chart titled “NGI’s Daily Natural Gas Prices” tracking PG&E Citygate, SoCal Border Average, and SoCal Citygate prices from November 2022 through November 2025, illustrating extreme volatility in late 2022 followed by more stable California natural gas pricing.
  • Natural gas pricing in the historically volatile California market has been relatively subdued of late, as grid-scale solar energy and batteries have gained market share in the power sector. SoCal Border Avg. prices are averaging around $2.93/MMBtu in November, while both PG&E Citygate and SoCal Citygate are averaging around $3.75. At this time in 2022, prices were well in the double digits and even closed out the year with a high of about $49.00 for the SoCal Border Avg., $50.00 at the SoCal Citygate and $57.00 at the PG&E Citygate.
Bar chart titled “California Electricity Generation by Source” comparing natural gas, utility-scale solar, hydro, nuclear, wind, and other power sources from January–August for years 2020–2025, showing natural gas as the dominant source, solar rising steadily, and hydro fluctuating, based on U.S. Energy Information Administration data.

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