EIA expects U.S. power use to rise in 2021 as economy recovers

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October 13 (Businesshala) – The US Energy Information Administration (EIA) said on Wednesday that US electricity use will increase by about 3% in 2021 as the economy grows after last year’s coronavirus hit demand.

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In its Short-Term Energy Outlook (STEO), the EIA projected electricity demand to grow to 3,915 billion kilowatt hours (kWh) in 2021 and 3,929 billion kWh in 2022.

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This compared to an 11-year low of 3,802 billion kWh in the coronavirus-depressed 2020 and reached an all-time high of 4,003 billion kWh in 2018.

The EIA forecasts that 2021 electricity sales will rise to a record high 1,488 billion kWh for residential consumers as ongoing COVID concerns keep more people working from home, 1,308 billion kWh for commercial customers and 977 billion kWh for industries billion kWh.

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This compares with a previous high of 1,469 billion kWh in 2018 for residential consumers and a high of 1,382 billion kWh in 2018 for commercial customers and 1,064 billion kWh for industrial in 2000.

The EIA said the share of natural gas in electricity generation will decline from 39% in 2020 to 36% in 2021 and 35% in 2022 as gas prices rise. The share of coal will increase to 24% in 2021, from 20% in 2020 to 23% in 2022.

The percentage of nuclear generation will decrease from 21% in 2020 to 20% in 2021 and 2022, while renewables will be 20% in 2021, similar to 2020, before rising to 22% in 2022.

EIA forecasts that natural gas sales in 2021 will increase to 13.37 billion cubic feet per day (bcfd) for residential consumers, 9.32 bcfd for commercial customers and 22.81 bcfd for industrialists, but drop to 29.83 bcfd for electricity generation. Will go

This compared with 14.36 bcfd in 1996 for residential consumers, 9.63 bcfd in 2018 for commercial customers, 23.80 bcfd in 1973 for industries and 31.74 bcfd in 2020 for electricity generation.

Reporting by Scott DiSavino; Editing by Alexander Smith

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