article thumbnail

EIA expects increased US crude oil production, with continued high petroleum prices in 2022

Green Car Congress

Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). Higher electricity prices mean that the average US household will pay about the same amount for electricity this summer as last summer.

Oil 344
article thumbnail

Solar to displace natural gas in the daytime + in summer on the Texas grid

Baua Electric

Solar is forecast to displace natural gas in the middle of the day and in the summer on the Texas grid, according to the US Energy Information Administration (EIA). However solar generating capacity additions, often paired with battery storage, grew rapidly. Most solar power is generated in Texas by midday.

Texas 52
article thumbnail

Gas prices due to drop in 2024, as EVs plug into cleaner energy

Green Car Reports

Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. Solar alone is expected to increase 39% from 2023 thanks to continual increases in generating capacity. The cost of gasoline and the carbon footprint of EVs could both fall in the new year.

Cleaner 154
article thumbnail

Santa Clara VTA partners with Proterra and Scale Microgrid Solutions to charge 34 electric buses with solar-powered microgrid

Green Car Congress

The solar PV and battery energy storage system will give VTA operational flexibility on when to purchase the utility power needed to charge its vehicle fleet, saving the agency on its electricity costs and further reducing its total operating costs compared to continued diesel bus operations.

Solar 374
article thumbnail

Gas prices due to drop in 2024, as EVs plug into cleaner energy

Baua Electric

Energy Information Administration (EIA) expects combined electricity generation from solar and wind to exceed coal for the first time in 2024. Solar alone is expected to increase 39% from 2023 thanks to continual increases in generating capacity, according to the EIA. Gas prices, meanwhile, are expected to decrease in 2024.

Cleaner 52
article thumbnail

CPUC proposes revising Net Energy Metering rules to push customers to install storage with rooftop solar

Green Car Congress

For more than 20 years, California has aggressively supported the rooftop solar market through its Net Energy Metering (NEM) program in Pacific Gas and Electric Company (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric Company (SDG&E) territories. NEM has enabled 1.3

Solar 284
article thumbnail

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10