Highlights from EIA’s Latest “Short-Term Energy Outlook”

By Ken Bossong | SUN DAY CAMPAIGN | October 12, 2022
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“Increases in U.S. electricity generation in our forecast come almost entirely from solar and wind. We expect renewable sources will provide 22% of U.S. generation in 2022 and 24% in 2023, up from 20% in 2021.”
(Released October 12, 2022 – Source)

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.”

Generation:
Pennsylvania Wind Turbines
U.S. Renewables Consumption:

“We expect energy-related carbon dioxide emissions in the United States to increase by 1.5% in 2022 and then to decrease 2.3% in 2023 to just under 2021 levels.”  

Energy Information Administration
Carbon Dioxide Emissions by Fuel:

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