US coal generation to decline into 2019 as gas prices stay under $3/MMBtu: EIA
Houston (Platts)--9 Jan 2018 437 pm EST/2137 GMT
While coal crept closer to natural gas in total US electricity generation share in 2017, gas will widen the gap between the fuels this year and though 2019 on expected lower prices and new capacity, the US Energy Information Administration said Tuesday.
In its monthly Short-Term Energy Outlook, and its first report looking ahead to 2019, the EIA predicts gas' generation share will increase to 33.1% this year, up from 31.7% in 2017, and rise again to 34.3% in 2019.
At the same time, coal's generation share will fall to 29.6% this year, down from 31.7% in 2017, and dip further to 28.1% in 2019.
US coal generation to decline into 2019 as gas prices stay under $3/MMBtu: EIA - Coal | Platts News Article & Story
t’s finally happening. After years of research and development, of policy debates over subsidies and climate change and energy independence; renewable energy is finally starting to replace fossil fuel sources of electric generation across the nation.
According to data released on Aug. 24 by the U.S.
Energy Information Agency (EIA), renewable energy in the U.S. through the first half of 2016, including
hydro-electric power,
biomass,
geothermal,
wind, and
solar (including distributed solar), provided 16.9 percent of electricity generation. In all of 2015, that number was 13.7 percent. Non-hydro renewable energy was 9.2 percent of U.S. electric generation through the first half of 2016. For all of 2015 it was 7.6 percent.
Since June, numerous large-scale wind and solar plants have already been completed. More are under construction. So renewable energy generation will rise even higher by year’s end. And while its percentage will be tempered by summer peak demand, renewable energy will still likely exceed 16 percent of total U.S. electric generation and 9 percent from non-hydro generation sources during 2016. Next year looks to be even better. With thousands of megawatts of solar and wind under construction, 2017 could see non-hydro renewable energy rise to well over 10 percent of U.S. electric generation.
In 2010, non-hydro renewable energy was just 4.2 percent of U.S. electric generation. It will at least triple by 2020. That’s a big accomplishment in only a decade for the world’s largest economy.
Renewable Energy Was 16.9 Percent of US Electric Generation in the First Half of 2016
Wouldn't we all love to have a bank account with a growth rate like that of the non-hydro renewables.