By Ken Bossong | SUN DAY CAMPAIGN | October 12, 2022
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SUN DAY Editorial Note: According to EIA’s latest “Electric Power Monthly” report, renewable energy sources, including small-scale PV, provided 24.2% of U.S. electricity during the first seven months of 2022.
“Growing generation from renewable sources limits growth in natural gas-fired generation, and coal’s generation share declines because of the expected retirement of some coal-fired capacity.”
“Natural gas fuels 38% of U.S. electricity generation in 2022, up from 37% in 2021, but we forecast it to fall back to 36% in 2023. Coal-fired electricity generation falls from 23% of the U.S. total last year to 20% in 2022 and 19% in 2023”.
“We raised our forecast for electricity generation by natural gas-fired power plants as a result of lower natural gas prices in recent weeks. We forecast natural gas-fired generation will rise by 5% in 2022, compared with expected growth of 3% in the previous STEO. We have also lowered our forecast for coal-fired generation, which is now expected to fall by almost 7% in 2022 compared with a forecast decline of 4% in the previous STEO.”
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