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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

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EIA forecasts US fossil fuel production to reach new highs in 2023

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After declining in 2020, the combined production of US fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 Of the total US fossil fuel production in 2021, dry natural gas accounted for 46%, the largest share. In 2020, US coal production had fallen to its lowest level since 1964.

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Rhodium Group estimates US GHG fell 2.1% in 2019, driven by coal decline

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The Rhodium Group, an independent research provider, estimates that, after a sharp uptick in 2018, US greenhouse gas (GHG) emissions fell by 2.1% This decline was due almost entirely to a drop in coal consumption. Coal-fired power generation fell by a record 18% year-on-year to its lowest level since 1975. Coal-driven decline.

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New clean energy is reducing US electricity generation from natural gas, coal

Electrek

The US Energy Information Administration (EIA) has forecast in its January Short-Term Energy Outlook that rising electricity generation from clean energy such as solar and wind will reduce generation from fossil fuel-fired power plants over the next two years.

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US shift toward wind and solar will cut coal, make EVs cleaner

Green Car Reports

Increased use of renewable energy will help reduce electricity generation from coal and natural gas power plants, according to the U.S. Energy Information Administration (EIA) in turn making EVs cleaner.

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US Renewable energy sources surpass coal generation

Teslarati

Energy Information Administration (EIA) revealed that the United States generated more electricity from renewable energy sources than coal last year. electric power demand through 2050 in all cases,” noted the EIA. electric power demand through 2050 in all cases,” noted the EIA. Data from the U.S.

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EIA: US fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years

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In 2020, total consumption of fossil fuels in the United States, including petroleum, natural gas, and coal, fell to 72.9 quadrillion British thermal units (Btu), down 9% from 2019 and the lowest level since 1991, according to the US Energy Information Administration (EIA) Monthly Energy Review.

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