Power consumption is the U.S. in 2021 is forecast to rise 2.1%, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook on April 6.
With the state and local governments gradually easing the lockdown measures, power consumption will increase to 3,880 TWh in 2021, and further up to 3,940 TWh in 2022, the EIA said.
The country's power demand in 2020 hit an 11-year low of 3,800 TWh, suppressed by Covid-19 lockdown measures, according to EIA.
Rising price of natural gas will reduce its share in the country's power generation from 39% in 2020 to 36% in 2021 and 35% in 2022. Meanwhile, the share of coal-fired power will rise from 20% in 2020 to 22% in 2021 and 23% in 2022.
The percentage of nuclear power will decrease from 21% in 2020 to 20% in 2021 and 19% in 2022, while that of renewables will rise from 20% in 2020 to 21% in 2021 and 22% in 2022.
EIA predicted that residential power consumption will reach a record-high of 1,496 TWh in 2021. Power consumed by industry and commerce was estimated to be 1,285 TWh and 958 TWh, respectively.
The report showed that US natural gas production would reach 91.4 billion cubic feet each day in 2021, basically flat with that of 2020. The price of natural gas will rise from $2.39 MMBtu to $3.31MMBtu.
(Writing by Lilya Li Editing by Harry Huo)
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