United States power usage projection to get to document highs in 2024 and 2025, EIA claims

( Reuters) – united state power usage will certainly increase to videotape highs in 2024 and 2025, the United State Power Details Management (EIA) stated in its Short-term Power Overview (STEO) on Tuesday.

EIA forecasted power need will certainly increase to 4,093 billion kilowatt-hours (kWh) in 2024 and 4,163 billion kWh in 2025.

That compares to 4,000 billion kWh in 2023 and a document 4,067 billion kWh in 2022.

With expanding need from expert system and information facilities and as homes and organizations make use of even more power for warm and transport, EIA projection 2024 power sales would certainly increase to 1,503 billion kWh for property customers, 1,412 billion kWh for industrial consumers and 1,033 billion kWh for commercial consumers.

That compares to all-time highs of 1,509 billion kWh for property customers in 2022, 1,391 billion kWh in 2022 for industrial consumers and 1,064 billion kWh in 2000 for commercial consumers.

EIA stated gas’ share of power generation would certainly hold at 42% in 2024, the like 2023, prior to moving to 39% in 2025. Coal’s share will certainly relieve from 17% in 2023 to 16% in 2024 and 2025 as eco-friendly outcome increases.

The percent of eco-friendly generation will certainly increase from 21% in 2023 to 23% in 2024 and 25% in 2025, while nuclear power’s share will certainly hold at 19% in 2024 and 2025, the like 2023.

EIA forecasted 2024 gas sales would certainly relieve to 12.2 billion cubic feet daily (bcfd) for property customers and 23.3 bcfd for commercial consumers, yet increase to 9.2 bcfd for industrial consumers and 36.4 bcfd for power generation.

That compares to all-time highs of 14.3 bcfd in 1996 for property customers, 9.6 bcfd in 2019 for industrial consumers, 23.8 bcfd in 1973 for commercial consumers and 35.4 bcfd in 2023 for power generation.

( Coverage by Scott DiSavino)