Power plant developers plan to install 17.8 gigawatts (GW) of utility-scale solar photovoltaic (PV) generating capacity in 2022, according to our June 2022 Preliminary Monthly Electric Generator Inventory. Over the first six months of 2022, 4.2 GW of that capacity came online, less than half of what the industry had … [continued]
Russia’s natural gas exports by pipeline to the European Union (EU) and the United Kingdom (UK) declined by almost 40% during the first seven months of 2022 compared with the same period in 2021 and by almost 50% compared with the previous five-year (2017–21) average, according to data from Refinitiv … [continued]
In 2020, energy production in the United States fell by record amounts compared with 2019, mostly as a result of decreased economic activity during the COVID-19 pandemic. Wyoming had the largest drop in total energy production among the states, decreasing by 1,264 trillion British thermal units, mostly due to decreased coal production. … [continued]
The US power grid is growing! According to our latest inventory of electric generators, 15 gigawatts (GW) of new utility-scale electric generating capacity came online in the United States during the first half of 2022. Based on the most recently reported plans, developers could add another 29 GW of capacity … [continued]
An increase in electricity generation from small-scale, customer-sited photovoltaic (PV) solar in New England is changing the hourly pattern of metered electricity demand during the spring (March–May), which you can see in our Hourly Electric Grid Monitor. Small-scale solar PV are systems with less than 1 megawatt (MW) of generating capacity … [continued]
Extending investment tax credits (ITC) and production tax credits (PTC) through 2050 for renewable electricity generation increases annual U.S. solar generation by 10%, according to our alternative policy analysis, Annual Energy Outlook 2022: Extended and Sunset Tax Credit Cases. Long-term availability of federal tax credits provides an incentive for more small-scale distributed generation in homes and … [continued]
Power plant developers and operators have reported plans to install more than 6 gigawatts (GW) of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, according to our latest Preliminary Monthly Electric Generator Inventory report. These additions include projects off the coasts of New Jersey, … [continued]
Nearly half of the energy consumed in U.S. buildings in 2021 was used for heating and cooling, according to modeled estimates in our Annual Energy Outlook 2022 (AEO2022) Reference case. An Issues in Focus analysis on alternative weather assumptions highlights how different long-term weather projections affect space heating and space cooling demand in the U.S. … [continued]
Higher electricity demand forecasts and potential supply reductions are raising concerns about tight reserve margins in the Midcontinent Independent System Operator (MISO) balancing authority this summer. Working in conjunction with regional utility service providers, balancing authorities are responsible for ensuring that wholesale electric power markets provide sufficient electric generation capacity to meet … [continued]
In our Summer Electricity Outlook, a supplement to our May 2022 Short-Term Energy Outlook, we expect the largest increases in U.S. electric power sector generation this summer will come from renewable energy sources. These increases are the result of new capacity additions. We forecast utility-scale solar generation between June and August 2022 … [continued]
