Power consumption in the U.S. is estimated to rise 2% to 3,932 TWh in 2021, driven by the continuous recovery of economic activities from the pandemic, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook on January 11.
The outlook estimates power demand to reach 3,956 TWh in 2022, up 0.61% year on year.
Power consumption in residential sector is expected to be 1,483 TWh in 2021, while that in commercial and industrial sectors will be 1,323 TWh and 987 TWh.
Power generation of the country is predicted to post a yearly rise of 2.9% in 2021, and will be stable in 2022 and rise 1.3% year on year in 2023, according to the report.
Coal-fired power generation is estimated to rise 17% year on year in 2021, first growth since 2014 mainly driven by a large rise in natural gas price.
The share of natural gas in power mix will decrease to 37% in 2021 from 39% in 2020, then to 35% in 2022. The share of coal-fired power is to increase to 23% in 2021 from 20% in 2020, and then decline to 22% in 2022.
Shares of renewables will increase to 23% in 2022 from 20% in 2021, then rise to 24% in 2023, mostly contributed by installed capacity increase of solar and wind power.
The new solar power installations of the U.S. will are expected to exceed that of wind power capacity in 2022, with new large- and small-scale solar capacity to reach 21 GW and 5 GW.
It will add 7 GW and 4GW of wind power capacity in 2022 and 2023 respectively.
Daily natural gas consumption in the country is predicted to be 82.96 billion cubic feet averagely in 2021, said the International Energy Agency.
Daily natural gas consumption in power and industrial sectors was 30.75 billion cubic feet and 22.52 billion cubic feet, while that in residential and commercial sectors was 12.84 billion cubic feet and 8.91 billion cubic feet.
(Writing by Lilya Li Editing by Tammy Yang)
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