Short-Term Energy Outlook (STEO)

EIA Expects U.S. Annual Solar Electricity Generation To Surpass Hydropower in 2024

We forecast that the United States will generate 14% more electricity from solar energy than from hydroelectric facilities in 2024, according to our Short-Term Energy Outlook (STEO). Our forecast is driven by continued growth in new utility-scale and small-scale solar facilities. For the first time in September 2022, the United States had … [continued]

Mixed Water Supply Conditions in the Northwest Affect 2022 Hydropower Outlook

On February 3, the National Oceanic and Atmospheric Administration’s Northwest River Forecast Center (NWRFC) released its latest water supply forecast for the 2022 water year, which runs from October 2021 through September 2022. The NWRFC forecasts below-normal water supply in the southern areas of the Columbia River Basin and near-normal water supply … [continued]

New Renewable Power Plants Are Reducing U.S. Electricity Generation From Natural Gas

In our January Short-Term Energy Outlook (STEO), we forecast that rising electricity generation from renewable energy resources such as solar and wind will reduce generation from fossil fuel-fired power plants over the next two years. The forecast share of generation for U.S. non-hydropower renewable sources, including solar and wind, grows from 13% … [continued]