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    U.S. power use to reach all-time highs over next 2 yrs

    sxcoal.com General,  International 2024-02-08 09:58:46

    Power consumption in the U.S. is predicted to hit new highs in 2024 and 2025, according to a report released by the Energy Information Administration (EIA) on January 6.

     

    It is expected to rise from 4,070 TWh in 2023 to 4,112 TWh in 2024 and further climb to 4,123 TWh in 2025, compared to 3,994 TWh in 2022, the Short-Term Energy Outlook said.

     

    With more electricity used for home heating and transportation, U.S. residential power consumption is predicted to reach 1,530 TWh in 2024, and commercial and industrial consumption to be 1,396 and 1,035 TWh respectively, data showed.

     

    In 2023, U.S. residential power consumption was 1,458 TWh, while commercial and industrial electricity use stood at 1,375 and 1,015 TWh, respectively.

     

    The report said natural gas's share of the U.S. power generation is estimated to remain unchanged at 42% in 2024 before sliding back to 41% in 2025. Coal's share will drop from 17% in 2023 to 15% and 14% in 2024 and 2025 respectively, with growing output of natural gas and renewable energy.

     

    The share of renewables generation is predicted to go up from 22% in 2023 to 24% in 2024 and further rise to 26% in 2025, while that of nuclear power will remain steady at 19% in 2024 and 2025.

     

    EIA projected the average U.S. natural gas consumption will reach 90.64 billion cubic feet per day (bcfd) in 2024, up 1.89% year on year (YoY). Of this, residential consumption is expected to be 12.94 bcfd, up 5.63% YoY; commercial use to be 9.44 bcfd, up 4.2% YoY; and industrial use to decline from 23.35 bcfd in 2023 to 23.13 bcfd in 2024.

     

    (Writing by Riley Liang  Editing by Alex Guo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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