Friday, December 27, 2024
EIA forecasts slower growth in natural gas-fired generation while renewable energy rises - oilandgas360

EIA forecasts slower growth in natural gas-fired generation while renewable energy rises

EIA This increase in renewables, along with forecast increases in natural gas fuel costs, contributes to EIA’s forecast of a 2.3% decline in natural gas-fired generation in 2021. U.S. coal generation in 2021 is forecast to fall by 3.2%. In its latest Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts that generation from natural gas-fired