In the first half of 2022, 24% of U.S. electricity generation came from renewable sources
In the first six months of 2022, 24% of U.S. utility-scale electricity generation came from renewable sources, based on data from our Electric Power Monthly. The renewables’ share increased from 21% for the same time period last year. Renewables are the fastest-growing electricity generation source in the United States.
RGGI carbon dioxide emissions price reached new quarterly record in June 2022
The 56th Regional Greenhouse Gas Initiative (RGGI) quarterly auction, held June 1, 2022, resulted in a record-high clearing price of $13.90 per ton for CO2 emissions allowances, surpassing the previous quarter’s clearing price ($13.50 per ton) by 3% and the June 2021 clearing price ($7.97 per ton) by 74%. Allowance prices set in the RGGI […]
OPEC oil export revenues forecast to increase in 2022 but decline in 2023
We forecast that members of OPEC will collectively earn $842 billion in revenues from oil exports in 2022, the most (adjusted for inflation) for the group since 2014. Based on our forecasts of both OPEC liquid fuels production and of crude oil prices in our Short-Term Energy Outlook (STEO), OPEC revenues will be nearly 50% […]
U.S. LNG export capacity to grow as three additional projects begin construction
The United States began exporting liquefied natural gas (LNG) from the U.S. Lower 48 states in February 2016. As of July 2022, the United States has more LNG export capacity than any other country and has exported more LNG than any other country. U.S. LNG exports averaged 11.1 billion cubic feet per day (Bcf/d) during […]
Record numbers of solar panels were shipped in the United States during 2021
U.S. shipments of solar photovoltaic (PV) modules (solar panels) rose to a record electricity-generating capacity of 28.8 million peak kilowatts (kW) in 2021, from 21.8 million peak kW in 2020, based on data from our Annual Photovoltaic Module Shipments Report. Continued demand for U.S. solar capacity drove this increase in solar panel shipments in 2021.
EIA expects U.S. ethane production to grow by 9% in the second half of 2022
Ethane production has been increasing in the United States for the past five years, and it reached a monthly record of 2.5 million barrels per day (b/d) in March. More than 2.4 million b/d of ethane has been produced in the United States every month since then. In our Short-Term Energy Outlook (STEO), we forecast […]
U.S. capacity to convert waste to energy declines after remaining steady since 1994
U.S. waste-to-energy (WTE) electric-generating capacity has recently started to decline after averaging around 2,219 megawatts (MW) for 24 years, according to our June 2022 Preliminary Monthly Electric Generator Inventory. From 2018 to 2022, 188 MW of WTE capacity retired, and another 36 MW is expected to retire by 2027. Low electricity prices, local opposition, and […]
Crude oil production in Texas�s Eagle Ford region has been increasing since February 2022
According to our latest Drilling Productivity Report, we estimate that crude oil production in the Eagle Ford region in south Texas will average 1.2 million barrels per day (b/d) during September 2022. Despite recent increases, less crude oil is being produced in the Eagle Ford region than before the pandemic, 1.4 million b/d in April […]
2020 inflation-adjusted U.S. energy expenditures lowest since 2002
In 2020, the amount U.S. consumers spent on energy (energy expenditures) fell to $1 trillion, the least amount since 2002, according to our State Energy Data System (SEDS). U.S. energy expenditures are the total amount spent on all energy used in the residential, commercial, industrial, and transportation sectors combined. COVID-19 mitigation efforts and warmer weather […]
Owners of coal-fired generating plants seek greater fuel flexibility
The amount of electric power produced from coal has been steadily declining in the United States over the past 10 years, falling to a 46-year low of 773,393 gigawatthours (GWh) in 2020. Although U.S. coal-fired generation increased by 16% to 898,679 GWh in 2021, we forecast a continued move away from coal. To be more […]